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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orangetown is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Orangetown has remained a Seller's Market.

Key Takeaway

Orangetown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Orangetown, NY

How much do homes in Orangetown, NY cost?

Median Sold Price

$675,000

$363/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$64,250(+10.5%)

Key Takeaway

Homes in Orangetown have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Orangetown was $675,000 in November 2024, up 10.5% from last year, and the median price per square foot was $363.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $256K$295K
+15.2%
2 $473K$462.5K
-2.2%
3 $567K$635K
+12.0%
4 $667.5K$750K
+12.4%
5+ $877.5K$845K
-3.7%

Summary: Orangetown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Cities

Orangeburg
+15.0%
Pearl River
+13.3%
West Nyack
+11.8%
Orangetown
+10.5%
Blauvelt
+6.4%

Housing Supply in Orangetown, NY

How many homes are available in Orangetown, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
166113-31.9%

Summary: The Orangetown real estate market had 113 homes for sale in November 2024, a 31.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 118
-27.3%
2 1913
-31.6%
3 4126
-36.6%
4 6237
-40.3%
5+ 3329
-12.1%

Summary: The Orangetown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 31.6%, 3 bedroom homes decreased by 36.6%, 4 bedroom homes decreased by 40.3%, and 5+ bedroom homes decreased by 12.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4225-40.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orangetown, you could pay more than the asking price. 44% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Orangetown in November 2024, down by 40.5% month-over-month. Of the 25 sold homes, 32% were sold under asking, 24% were sold at asking, and 44% were sold over asking.

Days on Market for Orangetown, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days27 Days-25.8%

Summary: Homes in Orangetown had an average of 27 days on market in Nov 2024, down by 25.8% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Orangetown are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 25 homes were sold in Orangetown; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% 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 29 Days Ago

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