Is Orange County, VA 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, Orange County has remained a Seller's Market.
Key Takeaway
Orange County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange County, VA
How much do homes in Orange County, VA cost?
Median Sold Price
$399,900
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Orange County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Orange County was $399,900 in April 2024, up 6.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $142.5K | N/A |
| 2 Bedrooms | $225K | $260K | +15.6% |
| 3 Bedrooms | $342.4K | $365K | +6.6% |
| 4 Bedrooms | $425K | $450K | +5.9% |
| 5+ Bedrooms | $438.9K | $501K | +14.1% |
Summary: Orange County 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 15.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Counties
| Louisa County | $349.9K | $399.9K | +14.3% |
| Spotsylvania County | $405.6K | $435K | +7.2% |
| Orange County | $374K | $399.9K | +6.9% |
| Culpeper County | $423.3K | $450.1K | +6.3% |
| Madison County | $403K | $424.9K | +5.4% |
Housing Supply in Orange County, VA
How many homes are available in Orange County, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 302 | 320 | +6.0% |
Summary: The Orange County real estate market had 320 homes for sale in April 2024, a 6.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 166 | 177 | +6.6% |
| 4 Bedrooms | 90 | 92 | +2.2% |
| 5+ Bedrooms | 28 | 35 | +25.0% |
Summary: The Orange County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 78 | -9.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County, expect to pay close to the asking price. 34.6% of homes here sold near the asking price last month.
Summary: A total of 78 homes were sold or pending in Orange County in April 2024, down by 9.3% month-over-month. Of the 78 sold homes, 31% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for Orange County, VA
How long does it take to sell a home in Orange County, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 48 Days | +14.9% |
Summary: Homes in Orange County had an average of 48 days on market in Apr 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 78 homes were sold in Orange County; 54% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved