Is Orangetown, NY 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, Orangetown was a Seller's Market.
Key Takeaway
Orangetown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Orangetown, NY
How much do homes in Orangetown, NY cost?
Median Sold Price
$645,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orangetown have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Orangetown was $645,000 in May 2024, up 10.3% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $266K | +7.5% |
| 2 Bedrooms | $399K | $505K | +26.6% |
| 3 Bedrooms | $569.4K | $604.5K | +6.2% |
| 4 Bedrooms | $645K | $701K | +8.7% |
| 5+ Bedrooms | $811K | $855K | +5.4% |
Summary: Orangetown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 26.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Orangetown | $585K | $645K | +10.3% |
| Blauvelt | $645K | $700K | +8.5% |
| Pearl River | $565K | $605K | +7.1% |
| Orangeburg | $580K | $607.5K | +4.7% |
| West Nyack | $651K | $678K | +4.1% |
Housing Supply in Orangetown, NY
How many homes are available in Orangetown, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 172 | 170 | -1.2% |
Summary: The Orangetown real estate market had 170 homes for sale in May 2024, a 1.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 30 | 28 | -6.7% |
| 3 Bedrooms | 44 | 40 | -9.1% |
| 4 Bedrooms | 58 | 61 | +5.2% |
| 5+ Bedrooms | 28 | 29 | +3.6% |
Summary: The Orangetown 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 6.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 27 | -20.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orangetown, you could pay more than the asking price. 51.9% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Orangetown in May 2024, down by 20.6% month-over-month. Of the 27 sold homes, 33% were sold under asking, 15% were sold at asking, and 52% were sold over asking.
Days on Market for Orangetown, NY
How long does it take to sell a home in Orangetown, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 41 Days | -17.5% |
Summary: Homes in Orangetown had an average of 41 days on market in May 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Orangetown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in Orangetown; 70% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.