Is Orange, CA 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.
Housing Prices in Orange, CA
How much do homes in Orange, CA cost?
Median Sold Price
$1,003,981
$600/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Orange was $1,003,981 in May 2024, up 9.8% from last year, and the median price per square foot was $600.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $445K | +2.3% |
2 Bedrooms | $645K | $668K | +3.6% |
3 Bedrooms | $853.3K | $985K | +15.4% |
4 Bedrooms | $1.1M | $1.2M | +7.1% |
5+ Bedrooms | $1.3M | $1.4M | +6.5% |
Summary: Orange housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
Orange | $914.6K | $1.0M | +9.8% |
Anaheim-Santa Ana-Garden Grove | $849.9K | $929K | +9.3% |
Anaheim | $805K | $873.8K | +8.6% |
Tustin | $971.8K | $1.0M | +8.0% |
Villa Park | $2.1M | $2.1M | +0.8% |
Housing Supply in Orange, CA
How many homes are available in Orange, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
214 | 208 | -2.8% |
Summary: The Orange real estate market had 208 homes for sale in May 2024, a 2.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 13 | 0.0% |
2 Bedrooms | 25 | 24 | -4.0% |
3 Bedrooms | 81 | 78 | -3.7% |
4 Bedrooms | 66 | 65 | -1.5% |
5+ Bedrooms | 29 | 28 | -3.4% |
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 decreased by 4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 3.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 88 | +35.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 88 homes were sold or pending in Orange in May 2024, up by 35.4% month-over-month. Of the 88 sold homes, 25% were sold under asking, 24% were sold at asking, and 51% were sold over asking.
Days on Market for Orange, CA
How long does it take to sell a home in Orange, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 19 Days | -14.1% |
Summary: Homes in Orange had an average of 19 days on market in May 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 88 homes were sold in Orange; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.