Is Orange, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Orange has remained a Seller's Market.
Key Takeaway
Orange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange, MA
How much do homes in Orange, MA cost?
Median Sold Price
$282,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orange have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Orange was $282,500 in May 2024, up 1.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $220K | N/A |
| 2 Bedrooms | $275K | $265K | -3.6% |
| 3 Bedrooms | $292.5K | $300.5K | +2.7% |
| 4 Bedrooms | $270K | $273K | +1.1% |
| 5+ Bedrooms | $255K | $300K | +17.6% |
Summary: Orange housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Athol | $285K | $304K | +6.7% |
| Orange | $278K | $282.5K | +1.6% |
Housing Supply in Orange, MA
How many homes are available in Orange, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 27 | -10.0% |
Summary: The Orange real estate market had 27 homes for sale in May 2024, a 10.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Orange housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orange, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Orange in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 11% were sold under asking, 11% were sold at asking, and 78% were sold over asking.
Days on Market for Orange, MA
How long does it take to sell a home in Orange, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 16 Days | -54.0% |
Summary: Homes in Orange had an average of 16 days on market in May 2024, down by 54% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orange are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Orange; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
