$299,000
6.90 Acres
Land
Terri Turner, Listing Office: Weaver Street Realty & Auction
Is Orange County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Orange County has remained a Seller's Market.
Key Takeaway
Orange County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange County, NC
How much do homes in Orange County, NC cost?
Median Sold Price
$621,693
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,682(+5.7%)
Key Takeaway
Homes in Orange County have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Orange County was $621,693 in November 2024, up 5.7% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $325K | +1.6% |
| 2 Bedrooms | $308K | $333K | +8.1% |
| 3 Bedrooms | $494.3K | $519.5K | +5.1% |
| 4 Bedrooms | $725K | $787.3K | +8.6% |
| 5+ Bedrooms | $935K | $975K | +4.3% |
Summary: Orange County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Counties
| Person County | $284.9K | $310K | +8.8% |
| Orange County | $588K | $621.6K | +5.7% |
| Durham County | $406.1K | $421.5K | +3.8% |
| Alamance County | $315.9K | $322.2K | +2.0% |
| Caswell County | $262K | $245K | -6.5% |
Housing Supply in Orange County, NC
How many homes are available in Orange County, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 501 | 462 | -7.8% |
Summary: The Orange County real estate market had 462 homes for sale in November 2024, a 7.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 66 | 71 | +7.6% |
| 3 Bedrooms | 185 | 172 | -7.0% |
| 4 Bedrooms | 168 | 146 | -13.1% |
| 5+ Bedrooms | 71 | 60 | -15.5% |
Summary: The Orange County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 15.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 118 | 93 | -21.2% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 93 homes were sold or pending in Orange County in November 2024, down by 21.2% month-over-month. Of the 93 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% were sold over asking.
Days on Market for Orange County, NC
How long does it take to sell a home in Orange County, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 32 Days | -50.8% |
Summary: Homes in Orange County had an average of 32 days on market in Nov 2024, down by 50.8% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 93 homes were sold in Orange County; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. 
The data relating to real estate for sale on this web site comes in part from the Longleaf Pine REALTORS®, Inc. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawl. Neither listing broker(s) nor Longleaf Pine REALTORS®, Inc. shall be held responsible for typographical errors, misinformation, misprints and shall be held totally harmless. Copyright 2024 Longleaf Pine REALTORS®, Inc. All rights reserved.
Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Listings courtesy of Canopy MLS as distributed by MLS GRID.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.