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 November 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

$549,900

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$38,900(+7.6%)

Key Takeaway

Homes in Orting have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Orting was $549,900 in November 2024, up 7.6% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $302.5K-
N/A
2 $380K$487K
+28.2%
3 $485K$510K
+5.2%
4 $563.4K$605K
+7.4%
5+ $620K$625K
+0.8%

Summary: Orting housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Cities

Orting
+7.6%
Graham
+7.5%

Housing Supply in Orting, WA

How many homes are available in Orting, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7169-2.8%

Summary: The Orting real estate market had 69 homes for sale in November 2024, a 2.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 3335
+6.1%
4 2219
-13.6%
5+ 66
0.0%

Summary: The Orting housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
15150.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 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. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Orting in November 2024, the same as the previous month. Of the 15 sold homes, 53% were sold under asking, 13% 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

Nov 2023Nov 2024CHANGE
17 Days53 Days+199.3%

Summary: Homes in Orting had an average of 53 days on market in Nov 2024, up by 199.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Orting has remained consistent over time.

Summary: During November 2024, 15 homes were sold in Orting; 33% of homes were sold within 30 days, 47% 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 17 Days Ago

Newest Listings in Orting, WA

Nearby Markets to Orting, WA

What housing markets are near Orting, WA?