$10,000 Closing Credit*
$949,000
2,238 SqFt
5 Beds
•4 Full Baths, 1 Partial
Keith Davis, Listing Office: Nest Realty Group
Is Orange County, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$413,834
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,834(+4.8%)
Key Takeaway
Homes in Orange County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Orange County was $413,834 in October 2024, up 4.8% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $232K | +62.8% |
| 2 Bedrooms | $250K | $265K | +6.0% |
| 3 Bedrooms | $360K | $377.8K | +5.0% |
| 4 Bedrooms | $442.4K | $465K | +5.1% |
| 5+ Bedrooms | $462.4K | $500K | +8.1% |
Summary: Orange County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.8%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Counties
| Madison County | $372K | $440K | +18.3% |
| Culpeper County | $444.4K | $476.7K | +7.3% |
| Orange County | $395K | $413.8K | +4.8% |
| Louisa County | $389K | $405K | +4.1% |
| Spotsylvania County | $431.7K | $449.3K | +4.1% |
Housing Supply in Orange County, VA
How many homes are available in Orange County, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 397 | 392 | -1.3% |
Summary: The Orange County real estate market had 392 homes for sale in October 2024, a 1.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 16 | +45.5% |
| 3 Bedrooms | 217 | 207 | -4.6% |
| 4 Bedrooms | 133 | 133 | 0.0% |
| 5+ Bedrooms | 35 | 35 | 0.0% |
Summary: The Orange County 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 45.5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 87 | 71 | -18.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange County, expect to pay close to the asking price. 45.1% of homes here sold near the asking price last month.
Summary: A total of 71 homes were sold or pending in Orange County in October 2024, down by 18.4% month-over-month. Of the 71 sold homes, 39% were sold under asking, 45% were sold at asking, and 15% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 47 Days | +37.9% |
Summary: Homes in Orange County had an average of 47 days on market in Oct 2024, up by 37.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
13 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 October 2024, 71 homes were sold in Orange County; 48% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 18% 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.