$6,530 Closing Credit*
$549,900
2,462 SqFt
3 Beds
•2 Full Baths, 1 Partial
Terry Young, Listing Office: Keller Williams Greater Metropolitan
Is Orange, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Orange was a Buyer's Market.
Key Takeaway
Orange is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Orange, OH
How much do homes in Orange, OH cost?
Median Sold Price
$532,450
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$44,550(-7.7%)
Key Takeaway
Homes in Orange have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Orange was $532,450 in October 2024, down 7.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $411.2K | $401K | -2.5% |
| 3 Bedrooms | $400K | $482.5K | +20.6% |
| 4 Bedrooms | $687.3K | $625K | -9.1% |
| 5+ Bedrooms | $672.5K | $885K | +31.6% |
Summary: Orange housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 31.6%.
Median Sold Price Compared To Nearby Cities
| Warrensville Heights | $109K | $136.5K | +25.2% |
| Pepper Pike | $631.5K | $712K | +12.7% |
| Orange | $577K | $532.4K | -7.7% |
| Beachwood | $410K | $375K | -8.5% |
Housing Supply in Orange, OH
How many homes are available in Orange, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Orange real estate market had 19 homes for sale in October 2024, a 18.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Orange 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Orange in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Orange, OH
How long does it take to sell a home in Orange, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 37 Days | +1133.3% |
Summary: Homes in Orange had an average of 37 days on market in Oct 2024, up by 1133.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Orange; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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