Is Orting, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orting is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Orting has remained a Seller's Market.

Key Takeaway

Orting is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Orting, WA

How much do homes in Orting, WA cost?

Median Sold Price

$530,000

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,025(+1.1%)

Key Takeaway

Homes in Orting have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Orting was $530,000 in May 2024, up 1.1% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $280K$325K
+16.1%
2 $392.5K$467.5K
+19.1%
3 $487.5K$490K
0.5%
4 $559K$581.5K
+4.0%
5+ $592.2K$620K
+4.7%

Summary: Orting housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Graham
+4.5%
Orting
+1.1%

Housing Supply in Orting, WA

How many homes are available in Orting, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5979+33.9%

Summary: The Orting real estate market had 79 homes for sale in May 2024, a 33.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 2938
+31.0%
4 1827
+50.0%
5+ 99
0.0%

Summary: The Orting housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 31%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orting, expect to pay close to the asking price. 38.9% of homes here sold near the asking price last month.

Summary: A total of 18 homes were sold or pending in Orting in May 2024, up by 20.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 39% were sold at asking, and 39% were sold over asking.

Days on Market for Orting, WA

How long does it take to sell a home in Orting, WA?

Average Sale Time

May 2023May 2024CHANGE
39 Days11 Days-71.7%

Summary: Homes in Orting had an average of 11 days on market in May 2024, down by 71.7% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Orting are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 18 homes were sold in Orting; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Orting, WA

Nearby Markets to Orting, WA

What housing markets are near Orting, WA?