Is Orange County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Orange County has remained a Neutral Market.
Housing Prices in Orange County, NY
How much do homes in Orange County, NY cost?
Median Sold Price
$414,450
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orange County was $414,450 in April 2024, up 8.6% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $191.2K | +23.4% |
2 Bedrooms | $265K | $287.9K | +8.6% |
3 Bedrooms | $365K | $399.9K | +9.6% |
4 Bedrooms | $520K | $537.8K | +3.4% |
5+ Bedrooms | $524.5K | $522K | -0.5% |
Summary: Orange County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.4%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Counties
Ulster County | $372.1K | $413.4K | +11.1% |
Sullivan County | $261.1K | $290K | +11.0% |
Orange County | $381.7K | $414.4K | +8.6% |
Putnam County | $450K | $479.2K | +6.5% |
Rockland County | $585K | $614.5K | +5.0% |
Housing Supply in Orange County, NY
How many homes are available in Orange County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,323 | 1,508 | +14.0% |
Summary: The Orange County real estate market had 1,508 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 39 | 36 | -7.7% |
2 Bedrooms | 191 | 212 | +11.0% |
3 Bedrooms | 549 | 611 | +11.3% |
4 Bedrooms | 402 | 488 | +21.4% |
5+ Bedrooms | 142 | 161 | +13.4% |
Summary: The Orange County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
195 | 236 | +21.0% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
93 Homes Were Sold
Over Asking
Summary: A total of 236 homes were sold or pending in Orange County in April 2024, up by 21.0% month-over-month. Of the 236 sold homes, 37% were sold under asking, 24% were sold at asking, and 39% were sold over asking.
Days on Market for Orange County, NY
How long does it take to sell a home in Orange County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 63 Days | +6.6% |
Summary: Homes in Orange County had an average of 63 days on market in Apr 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
84 Homes Were Sold
In 30 - 90 Days
57 Homes Were Sold
Over 90 Days
Summary: During April 2024, 236 homes were sold in Orange County; 39% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.