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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Orting is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Orting, WA

How much do homes in Orting, WA cost?

Median Sold Price

$545,000

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,000(+6.2%)

Key Takeaway

Homes in Orting have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Orting was $545,000 in October 2024, up 6.2% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $331.2K$325K
-1.9%
2 $390K$439.9K
+12.8%
3 $482.9K$516.2K
+6.9%
4 $560K$605K
+8.0%
5+ $620K$625K
+0.8%

Summary: Orting housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Cities

Graham
+6.7%
Orting
+6.2%

Housing Supply in Orting, WA

How many homes are available in Orting, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6878+14.7%

Summary: The Orting real estate market had 78 homes for sale in October 2024, a 14.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1312
-7.7%
3 3034
+13.3%
4 1924
+26.3%
5+ 68
+33.3%

Summary: The Orting 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 decreased by 7.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15150.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Orting, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Orting in October 2024, the same as the previous month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% were sold over asking.

Days on Market for Orting, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days43 Days+154.6%

Summary: Homes in Orting had an average of 43 days on market in Oct 2024, up by 154.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Orting; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% 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

Newest Listings in Orting, WA

Nearby Markets to Orting, WA

What housing markets are near Orting, WA?