$7,659 Closing Credit*
$645,000
1,000 SqFt
2 Beds
•2 Full Baths
Kara Duffy, Listing Office: Pacific Coast Realty Group
Is Orange, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Orange has remained a Seller's Market.
Key Takeaway
Orange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange, CA
How much do homes in Orange, CA cost?
Median Sold Price
$1,095,704
$629/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$145,704(+15.3%)
Key Takeaway
Homes in Orange have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Orange was $1,095,704 in December 2024, up 15.3% from last year, and the median price per square foot was $629.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $479.7K | +10.3% |
| 2 Bedrooms | $647.7K | $680K | +5.0% |
| 3 Bedrooms | $920K | $1.0M | +13.0% |
| 4 Bedrooms | $1.1M | $1.2M | +12.6% |
| 5+ Bedrooms | $1.4M | $1.6M | +15.4% |
Summary: Orange housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Orange | $950K | $1.0M | +15.3% |
| Villa Park | $1.8M | $2.1M | +12.8% |
| Tustin | $1.0M | $1.1M | +11.5% |
| Anaheim-Santa Ana-Garden Grove | $879.9K | $963.5K | +9.5% |
| Anaheim | $833.4K | $907.8K | +8.9% |
Housing Supply in Orange, CA
How many homes are available in Orange, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 193 | 158 | -18.1% |
Summary: The Orange real estate market had 158 homes for sale in December 2024, a 18.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 27 | 22 | -18.5% |
| 3 Bedrooms | 64 | 53 | -17.2% |
| 4 Bedrooms | 69 | 58 | -15.9% |
| 5+ Bedrooms | 22 | 16 | -27.3% |
Summary: The Orange housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 54 | 51 | -5.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Orange in December 2024, down by 5.6% month-over-month. Of the 51 sold homes, 47% were sold under asking, 16% were sold at asking, and 37% were sold over asking.
Days on Market for Orange, CA
How long does it take to sell a home in Orange, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +57.7% |
Summary: Homes in Orange had an average of 34 days on market in Dec 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 51 homes were sold in Orange; 57% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.