Is Orwell, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orwell is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Orwell was a Seller's Market.

Key Takeaway

Orwell 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 Orwell, OH

How much do homes in Orwell, OH cost?

Median Sold Price

$313,500

$90/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$128,500(+69.5%)

Key Takeaway

Homes in Orwell have sold for 69.5% more than they did a month ago.

Summary: The median home sold price in Orwell was $313,500 in November 2024, up 69.5% from last month, and the median price per square foot was $90.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $185K-
N/A
4 -$313.5K
N/A
5+ --
N/A

Summary: Orwell housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Orwell
+69.5%
Orwell Township
+69.5%

Housing Supply in Orwell, OH

How many homes are available in Orwell, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97-22.2%

Summary: The Orwell real estate market had 7 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 42
-50.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Orwell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orwell, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Orwell in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Orwell, OH

How long does it take to sell a home in Orwell, OH?

Average Sale Time

Oct 2024Nov 2024CHANGE
48 Days65 Days+35.4%

Summary: Homes in Orwell had an average of 65 days on market in Nov 2024, up by 35.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Orwell; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Orwell, OH

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