Is Orangeburg, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orangeburg is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Orangeburg was a Seller's Market.

Key Takeaway

Orangeburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Orangeburg, NY

How much do homes in Orangeburg, NY cost?

Median Sold Price

$615,000

$334/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,750(+2.3%)

Key Takeaway

Homes in Orangeburg have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Orangeburg was $615,000 in October 2024, up 2.3% from last year, and the median price per square foot was $334.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $245K$290K
+18.4%
2 $317.5K$300K
-5.5%
3 $601K$593.7K
-1.2%
4 $623K$715K
+14.8%
5+ $790K$825K
+4.4%

Summary: Orangeburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Cities

Orangetown
+9.5%
Tappan
+9.2%
Blauvelt
+5.9%
Orangeburg
+2.3%

Housing Supply in Orangeburg, NY

How many homes are available in Orangeburg, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1415+7.1%

Summary: The Orangeburg real estate market had 15 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 57
+40.0%
5+ 43
-25.0%

Summary: The Orangeburg 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 remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orangeburg, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Orangeburg in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Orangeburg, NY

How long does it take to sell a home in Orangeburg, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days97 Days+433.2%

Summary: Homes in Orangeburg had an average of 97 days on market in Oct 2024, up by 433.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Orangeburg has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Orangeburg; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Orangeburg, NY

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