Newly released data from Realtor.com for February shows that potential buyers and sellers in Orange County saw lower home sale prices than the previous month’s median of $423,000.
The median home sold for $400,000, an analysis of data from Realtor.com shows. That means February, the most recent month for which figures are available, was down 5.4% from January.
Compared to February 2024, the median home sales price was up 8.1% compared to $370,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months’ delay in the data. The statistics don’t include homes currently listed for sale and aren’t directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.recordonline.com.
Here is a breakdown on median sale prices:
Looking only at single-family homes, the $430,000 median selling price in Orange County was down 3.4% in February from $445,000 the month prior. Since February 2024, the sales price of single-family homes was up 14.7% from a median of $375,000.One single-family home sold for $1 million or more during the month, compared to five recorded transactions of at least $1 million in February 2024.
Condominiums and townhomes decreased by 8.5% in sales price during February to a median of $318,000 from $347,500 in January. Compared to February 2024, the sales price of condominiums and townhomes was down 12.9% from $365,160. Three condominiums or townhomes sold for $1 million or more during the month, compared to seven recorded transactions of at least $1 million in February 2024.
About recorded home sales in Orange County in New York
In February, the number of recorded sales in Orange County dropped by 27.1% since February 2024 — from 343 to 250. All residential home sales totaled $111.6 million.
Across New York, homes sold at a median of $510,008 during February, up 2.9% from $495,564 in January. There were 8,850 recorded sales across the state during February, down 8% from 9,616 recorded sales in February 2024.
Here’s a breakdown for the full state:
The total value of recorded residential home sales in New York decreased by 20.6% from $9.1 billion in January to $7.2 billion this February.
Out of all residential home sales in New York, 16.64% of homes sold for at least $1 million in February, up from 13.95% in February 2024.
Sales prices of single-family homes across New York increased by 2% from a median of $465,812 in January to $475,333 in February. Since February 2024, the sales price of single-family homes across the state was up 18.8% from $400,000.
Across the state, the sales price of condominiums and townhomes rose 1.1% from a median of $583,522 in January to $590,000 during February. The median sales price of condominiums and townhomes is up 12.4% from the median of $525,000 in February 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what’s happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Times Herald-Record: Homes in Orange County sold for lower prices recently: See how much here