Is Orange, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Orange was a Seller's Market.
Housing Prices in Orange, CT
How much do homes in Orange, CT cost?
Median Sold Price
$540,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Orange was $540,000 in May 2024, up 10.2% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240.2K | $327.5K | +36.3% |
2 Bedrooms | $417.4K | $410K | -1.8% |
3 Bedrooms | $493.7K | $565K | +14.4% |
4 Bedrooms | $542.4K | $600K | +10.6% |
5+ Bedrooms | $750K | $640K | -14.7% |
Summary: Orange housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 14.7%.
Median Sold Price Compared To Nearby Cities
Derby | $268.7K | $309K | +15.0% |
New Haven | $280K | $320.1K | +14.3% |
West Haven | $290K | $325K | +12.1% |
Orange | $490K | $540K | +10.2% |
Milford | $402.3K | $435K | +8.1% |
Housing Supply in Orange, CT
How many homes are available in Orange, CT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 42 | +55.6% |
Summary: The Orange real estate market had 42 homes for sale in May 2024, a 55.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Orange housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Orange in May 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Orange, CT
We’re sorry, we don't have information for this market at the moment