Is Orchards, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orchards is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Orchards has remained a Seller's Market.

Key Takeaway

Orchards is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Orchards, WA

How much do homes in Orchards, WA cost?

Median Sold Price

$469,950

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,950(+3.3%)

Key Takeaway

Homes in Orchards have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Orchards was $469,950 in November 2024, up 3.3% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $214.9K$264K
+22.8%
2 $317.4K$348.3K
+9.7%
3 $440K$450K
+2.3%
4 $544K$550K
+1.1%
5+ $687.5K$647.1K
-5.9%

Summary: Orchards housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.8%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Cities

Camas
+11.2%
Orchards
+3.3%
Vancouver
+3.2%
Brush Prairie
-1.6%

Housing Supply in Orchards, WA

How many homes are available in Orchards, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
292257-12.0%

Summary: The Orchards real estate market had 257 homes for sale in November 2024, a 12.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 2628
+7.7%
3 168138
-17.9%
4 7669
-9.2%
5+ 2119
-9.5%

Summary: The Orchards housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6851-25.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orchards, you may be able to get a good deal. 39.2% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Orchards in November 2024, down by 25.0% month-over-month. Of the 51 sold homes, 39% were sold under asking, 33% were sold at asking, and 27% were sold over asking.

Days on Market for Orchards, WA

How long does it take to sell a home in Orchards, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days45 Days+60.4%

Summary: Homes in Orchards had an average of 45 days on market in Nov 2024, up by 60.4% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Orchards are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 51 homes were sold in Orchards; 57% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 16% 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

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