$9,441 Closing Credit*
$795,000
1,248 SqFt
3 Beds
•2 Full Baths
#73318101, Eric Ehnstrom, Listing Office: Compass
Is Orleans, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Orleans was a Neutral Market.
Key Takeaway
Orleans is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Orleans, MA
How much do homes in Orleans, MA cost?
Median Sold Price
$1,100,000
$548/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+2.8%)
Key Takeaway
Homes in Orleans have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Orleans was $1,100,000 in November 2024, up 2.8% from last year, and the median price per square foot was $548.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269K | $255K | -5.2% |
| 2 Bedrooms | $440K | $505K | +14.8% |
| 3 Bedrooms | $1.0M | $1.0M | +1.4% |
| 4 Bedrooms | $1.5M | $1.7M | +10.1% |
| 5+ Bedrooms | $1.8M | $2.6M | +39.2% |
Summary: Orleans housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 39.2%.
Housing Supply in Orleans, MA
How many homes are available in Orleans, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 23 | -25.8% |
Summary: The Orleans real estate market had 23 homes for sale in November 2024, a 25.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Orleans housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orleans, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Orleans in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 89 Days | 98 Days | +10.1% |
Summary: Homes in Orleans had an average of 98 days on market in Nov 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 November 2024, 3 homes were sold in Orleans; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
