Is Orchards, WA 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, Orchards has remained a Seller's Market.
Key Takeaway
Orchards is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orchards, WA
How much do homes in Orchards, WA cost?
Median Sold Price
$459,866
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Orchards have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Orchards was $459,866 in April 2024, up 2.1% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211K | $214.9K | +1.9% |
| 2 Bedrooms | $340K | $350K | +2.9% |
| 3 Bedrooms | $438.3K | $440K | 0.4% |
| 4 Bedrooms | $530K | $533K | +0.6% |
| 5+ Bedrooms | $670K | $623K | -7.0% |
Summary: Orchards housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
| Camas | $702.9K | $749K | +6.6% |
| Vancouver | $469.9K | $498.6K | +6.1% |
| Orchards | $450.4K | $459.8K | +2.1% |
| Brush Prairie | $810K | $815.7K | +0.7% |
Housing Supply in Orchards, WA
How many homes are available in Orchards, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 224 | 246 | +9.8% |
Summary: The Orchards real estate market had 246 homes for sale in April 2024, a 9.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 132 | 149 | +12.9% |
| 4 Bedrooms | 49 | 53 | +8.2% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The Orchards housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 61 | +1.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orchards, you could pay more than the asking price. 55.7% of homes here sold above asking price last month.
Summary: A total of 61 homes were sold or pending in Orchards in April 2024, up by 1.7% month-over-month. Of the 61 sold homes, 20% were sold under asking, 25% were sold at asking, and 56% were sold over asking.
Days on Market for Orchards, WA
How long does it take to sell a home in Orchards, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 16 Days | -53.3% |
Summary: Homes in Orchards had an average of 16 days on market in Apr 2024, down by 53.3% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Orchards are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 61 homes were sold in Orchards; 79% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.