Is Orchard Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Orchard Park has remained a Buyer's Market.
Housing Prices in Orchard Park, NY
How much do homes in Orchard Park, NY cost?
Median Sold Price
$388,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orchard Park was $388,000 in April 2024, down 0.5% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $239.9K | $277.6K | +15.7% |
3 Bedrooms | $309K | $345K | +11.7% |
4 Bedrooms | $495K | $504K | +1.8% |
5+ Bedrooms | $710K | $405K | -43.0% |
Summary: Orchard Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 43%.
Housing Supply in Orchard Park, NY
How many homes are available in Orchard Park, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 79 | +11.3% |
Summary: The Orchard Park real estate market had 79 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 36 | 36 | 0.0% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Orchard Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 4 | -73.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Orchard Park in April 2024, down by 73.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Orchard Park, NY
How long does it take to sell a home in Orchard Park, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 40 Days | +77.2% |
Summary: Homes in Orchard Park had an average of 40 days on market in Apr 2024, up by 77.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Orchard Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.