$9,488 Closing Credit*
$799,000
888 SqFt
2 Beds
•1 Full Bath
#73311731, John Fallon, Listing Office: LAER Realty Partners
Is Orleans, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Orleans has remained a Seller's Market.
Key Takeaway
Orleans is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orleans, MA
How much do homes in Orleans, MA cost?
Median Sold Price
$1,035,250
$543/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$34,750(-3.2%)
Key Takeaway
Homes in Orleans have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Orleans was $1,035,250 in October 2024, down 3.2% from last year, and the median price per square foot was $543.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269K | $255K | -5.2% |
| 2 Bedrooms | $462.5K | $487.5K | +5.4% |
| 3 Bedrooms | $1.0M | $1.0M | -6.7% |
| 4 Bedrooms | $1.5M | $1.8M | +19.8% |
| 5+ Bedrooms | $1.8M | $2.6M | +40.7% |
Summary: Orleans housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 5.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 40.7%.
Housing Supply in Orleans, MA
How many homes are available in Orleans, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The Orleans real estate market had 33 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Orleans housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orleans, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Orleans in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Orleans, MA
How long does it take to sell a home in Orleans, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 38 Days | -6.5% |
Summary: Homes in Orleans had an average of 38 days on market in Oct 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Orleans are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Orleans; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
