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 October 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

$466,700

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,580(+3.0%)

Key Takeaway

Homes in Orchards have sold for 3% more than they did a year ago.

Summary: The median home sold price in Orchards was $466,700 in October 2024, up 3% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $214.9K$264K
+22.8%
2 $319.9K$349K
+9.1%
3 $438.6K$449.9K
+2.6%
4 $542.9K$550K
+1.3%
5+ $712.5K$648.5K
-9.0%

Summary: Orchards housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.8%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 9%.

Median Sold Price Compared To Nearby Cities

Camas
+11.6%
Vancouver
+3.1%
Orchards
+3.0%
Brush Prairie
-2.0%

Housing Supply in Orchards, WA

How many homes are available in Orchards, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
266300+12.8%

Summary: The Orchards real estate market had 300 homes for sale in October 2024, a 12.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 2727
0.0%
3 147171
+16.3%
4 6879
+16.2%
5+ 2322
-4.3%

Summary: The Orchards 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 remained the same, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6065+8.3%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orchards, expect to pay close to the asking price. 44.6% of homes here sold near the asking price last month.

Summary: A total of 65 homes were sold or pending in Orchards in October 2024, up by 8.3% month-over-month. Of the 65 sold homes, 26% were sold under asking, 45% were sold at asking, and 29% 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

Oct 2023Oct 2024CHANGE
22 Days48 Days+116.8%

Summary: Homes in Orchards had an average of 48 days on market in Oct 2024, up by 116.8% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

13 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 October 2024, 65 homes were sold in Orchards; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 20% 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 16 Days Ago

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