$100,000
1.30 Acres
Land
Richard Johnson, Listing Office: Pearson Smith Realty, LLC
Is Orange County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Orange County has remained a Seller's Market.
Key Takeaway
Orange County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange County, VA
How much do homes in Orange County, VA cost?
Median Sold Price
$420,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,750(+5.7%)
Key Takeaway
Homes in Orange County have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Orange County was $420,000 in November 2024, up 5.7% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $232K | +62.8% |
| 2 Bedrooms | $255K | $260K | +2.0% |
| 3 Bedrooms | $364.5K | $385K | +5.6% |
| 4 Bedrooms | $443K | $479.9K | +8.3% |
| 5+ Bedrooms | $464.9K | $501K | +7.8% |
Summary: Orange County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Counties
| Madison County | $385K | $443.2K | +15.1% |
| Culpeper County | $444.2K | $478.5K | +7.7% |
| Louisa County | $389.9K | $413.7K | +6.1% |
| Orange County | $397.2K | $420K | +5.7% |
| Spotsylvania County | $431.3K | $450K | +4.3% |
Housing Supply in Orange County, VA
How many homes are available in Orange County, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 390 | 376 | -3.6% |
Summary: The Orange County real estate market had 376 homes for sale in November 2024, a 3.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 204 | 194 | -4.9% |
| 4 Bedrooms | 138 | 123 | -10.9% |
| 5+ Bedrooms | 33 | 48 | +45.5% |
Summary: The Orange County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 98 | +34.2% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County, you may be able to get a good deal. 40.8% of homes here sold below asking price last month.
Summary: A total of 98 homes were sold or pending in Orange County in November 2024, up by 34.2% month-over-month. Of the 98 sold homes, 41% were sold under asking, 37% were sold at asking, and 22% were sold over asking.
Days on Market for Orange County, VA
How long does it take to sell a home in Orange County, VA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 51 Days | +57.5% |
Summary: Homes in Orange County had an average of 51 days on market in Nov 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 98 homes were sold in Orange County; 45% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
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Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.