Is Orange Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Orange Township has remained a Seller's Market.
Key Takeaway
Orange Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange Township, OH
How much do homes in Orange Township, OH cost?
Median Sold Price
$511,666
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orange Township have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Orange Township was $511,666 in May 2024, up 8.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $294.9K | $318.5K | +8.0% |
| 3 Bedrooms | $405.2K | $412.5K | +1.8% |
| 4 Bedrooms | $537.5K | $570K | +6.0% |
| 5+ Bedrooms | $662.5K | $704K | +6.3% |
Summary: Orange Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Columbus City Township | $360K | $399.4K | +11.0% |
| Orange Township | $470.4K | $511.6K | +8.8% |
| Lewis Center | $466.1K | $499.9K | +7.3% |
| Westerville City Township | $414K | $427.5K | +3.3% |
| Westerville | $388.2K | $400.8K | +3.2% |
Housing Supply in Orange Township, OH
How many homes are available in Orange Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 104 | 126 | +21.2% |
Summary: The Orange Township real estate market had 126 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 46 | 58 | +26.1% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Orange Township 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 62.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 36 | +33.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange Township, you could pay more than the asking price. 47.2% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Orange Township in May 2024, up by 33.3% month-over-month. Of the 36 sold homes, 42% were sold under asking, 11% were sold at asking, and 47% were sold over asking.
Days on Market for Orange Township, OH
How long does it take to sell a home in Orange Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 29 Days | -21.2% |
Summary: Homes in Orange Township had an average of 29 days on market in May 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 36 homes were sold in Orange Township; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.