Is Orting, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Orting has remained a Seller's Market.
Housing Prices in Orting, WA
How much do homes in Orting, WA cost?
Median Sold Price
$515,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Orting was $515,000 in March 2024, down 3.7% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $325K | +16.1% |
2 Bedrooms | $420K | $367.4K | -12.5% |
3 Bedrooms | $487.5K | $485K | -0.5% |
4 Bedrooms | $569.9K | $582.5K | +2.2% |
5+ Bedrooms | $600.5K | $620K | +3.2% |
Summary: Orting housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Graham | $538.4K | $527.4K | -2.1% |
Orting | $534.9K | $515K | -3.7% |
Housing Supply in Orting, WA
How many homes are available in Orting, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 42 | +7.7% |
Summary: The Orting real estate market had 42 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 0 | -100.0% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Orting housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Orting in March 2024, up by 44.4% month-over-month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 45 Days | +21.4% |
Summary: Homes in Orting had an average of 45 days on market in Mar 2024, up by 21.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Orting; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.