$175,000
0.46 Acres
Land
Listing Office: S.T. ALLEN REALTY CO.
Is Orange, NJ 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, Orange was a Seller's Market.
Key Takeaway
Orange is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Orange, NJ
How much do homes in Orange, NJ cost?
Median Sold Price
$453,400
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$83,400(+22.5%)
Key Takeaway
Homes in Orange have sold for 22.5% more than they did a year ago.
Summary: The median home sold price in Orange was $453,400 in November 2024, up 22.5% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $231K | N/A |
| 2 Bedrooms | $280K | $309K | +10.4% |
| 3 Bedrooms | $331K | $435K | +31.4% |
| 4 Bedrooms | $480K | $475K | -1.0% |
| 5+ Bedrooms | $540K | $584K | +8.1% |
Summary: Orange housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 31.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Orange | $370K | $453.4K | +22.5% |
| City Of Orange Township | $370K | $453.4K | +22.5% |
| East Orange | $385K | $437K | +13.5% |
| West Orange Township | $599.1K | $619.4K | +3.4% |
| West Orange | $599K | $619.2K | +3.4% |
Housing Supply in Orange, NJ
How many homes are available in Orange, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 101 | +11.0% |
Summary: The Orange real estate market had 101 homes for sale in November 2024, a 11.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 39 | 43 | +10.3% |
Summary: The Orange housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 10.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Orange in November 2024, the same as the previous month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Orange, NJ
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.