Is Orchards, WA 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, Orchards has remained a Seller's Market.
Housing Prices in Orchards, WA
How much do homes in Orchards, WA cost?
Median Sold Price
$460,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Orchards was $460,000 in May 2024, up 2.2% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $214.9K | $264K | +22.8% |
2 Bedrooms | $335K | $350K | +4.5% |
3 Bedrooms | $435K | $441.5K | +1.5% |
4 Bedrooms | $530K | $540K | +1.9% |
5+ Bedrooms | $665K | $631.1K | -5.1% |
Summary: Orchards housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.8%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Cities
Camas | $699.9K | $755K | +7.9% |
Vancouver | $474.9K | $498.7K | +5.0% |
Brush Prairie | $792.4K | $819.9K | +3.5% |
Orchards | $450K | $460K | +2.2% |
Housing Supply in Orchards, WA
How many homes are available in Orchards, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
257 | 271 | +5.4% |
Summary: The Orchards real estate market had 271 homes for sale in May 2024, a 5.4% 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 | 21 | 26 | +23.8% |
3 Bedrooms | 157 | 162 | +3.2% |
4 Bedrooms | 55 | 61 | +10.9% |
5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Orchards 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 23.8%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 61 | -3.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Orchards in May 2024, down by 3.2% month-over-month. Of the 61 sold homes, 30% were sold under asking, 28% were sold at asking, and 43% were sold over asking.
Days on Market for Orchards, WA
How long does it take to sell a home in Orchards, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 26 Days | +35.8% |
Summary: Homes in Orchards had an average of 26 days on market in May 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 61 homes were sold in Orchards; 79% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.