$2,395,000
413.62 Acres
Land
Shaji John, Listing Office: Prompt Realty & Mortgage, Inc
Is Orange, TX 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 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, TX
How much do homes in Orange, TX cost?
Median Sold Price
$246,855
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,855(+4.6%)
Key Takeaway
Homes in Orange have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Orange was $246,855 in October 2024, up 4.6% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $47.9K | $40.5K | -15.6% |
| 2 Bedrooms | $114.9K | $61.7K | -46.3% |
| 3 Bedrooms | $214.9K | $225.5K | +4.9% |
| 4 Bedrooms | $280.8K | $285K | +1.5% |
| 5+ Bedrooms | $364.9K | $281.5K | -22.9% |
Summary: Orange housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes decreased by 46.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 22.9%.
Median Sold Price Compared To Nearby Cities
| Orange | $236K | $246.8K | +4.6% |
| Pinehurst | $419K | $400K | -4.5% |
Housing Supply in Orange, TX
How many homes are available in Orange, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 87 | -3.3% |
Summary: The Orange real estate market had 87 homes for sale in October 2024, a 3.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 44 | 42 | -4.5% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
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 increased by 14.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Orange in October 2024, down by 46.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Orange, TX
How long does it take to sell a home in Orange, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 45 Days | -46.4% |
Summary: Homes in Orange had an average of 45 days on market in Oct 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 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, 7 homes were sold in Orange; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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