City of Orange Single-Family Market Update: November & 12-Month Trends

The City of Orange continues to show its resilience and desirability as we move toward 2025. While month-to-month activity reflects a more measured pace, long-term numbers show a steady, healthy market supported by strong home values, consistent buyer demand, and extremely limited supply.

Below is a breakdown of how the City of Orange performed in November year-over-year and over the last 12 months.

New Listings: Tight Inventory Continues

November saw a slight dip in seller activity with 44 new listings in 2024 vs. 43 in 2025 (–2.3%).

But from a broader perspective, the City of Orange gained momentum through the year:
720 new listings through Nov 2024 → 787 through Nov 2025 (+9.3%).
That’s a meaningful rise in supply for a community historically starved for turnover.

Buyer Activity: Slower in November, Strong Over 12 Months

Pending sales in November dropped noticeably (40 → 26, –35%) as buyers paused amid interest rate volatility.

However, the 12-month trend tells a more stable story:
602 pendings → 625 (+3.8%).

Closed sales show a similar pattern:

• November closings: 46 → 41 (–10.9%)

• 12-month closings: 598 → 639 (+6.9%)

This reflects a market where buyers are more selective month-to-month, but overall demand remains solid.

Days on Market: Homes Are Taking Longer to Sell

The City of Orange saw one of its largest shifts here:

• November DOM: 23 → 41 days (+78.3%)

• 12-month DOM: 22 → 32 days (+45.5%)

This doesn’t indicate a weakening market—rather, it’s a return to more normalized buyer behavior. Price strategy and presentation matter more than ever.

Home Prices: Steady Appreciation Despite Slower Velocity

Median Sales Price

• November: $1,162,500 → $1,175,000 (+1.1%)

• 12-month: $1,193,750 → $1,220,000 (+2.2%)

Average Sales Price

• November: $1,254,293 → $1,444,159 (+15.1%)

• 12-month: $1,314,600 → $1,351,380 (+2.8%)

The sharp increase in November’s average price indicates more high-end single-family homes changing hands—consistent with buyer movement into upgraded or larger properties.

List-to-Sale Price Ratios: Buyers Regaining Leverage

Sellers are still achieving exceptional results, but ultra-aggressive pricing is no longer supported:

• November: 100.2% → 97.0% (–3.2%)

• 12-month: 100.7% → 97.9% (–2.8%)

This reflects a slight negotiation window returning to the market.

Inventory: Still Low, Still Competitive

City of Orange inventory remains nearly unchanged:

• Homes for sale: 105 → 104 (–1%)

• Months supply: 2.1 → 2.0 (–4.8%)

With anything under 3 months of inventory, the City of Orange remains a seller-leaning market, even as days on market rise.

What This Means for the City of Orange Heading Into 2025

• Sellers who price properly and prepare their homes well still achieve strong results.

• Buyers have more time and flexibility, but still face competition due to low supply.

• Values continue to appreciate, though at a more sustainable pace.

• The City of Orange remains one of Orange County’s most stable and consistently performing single-family markets.

This mix of limited inventory, steady demand, and upward pricing continues to reinforce Orange as a high-desirability community with strong long-term fundamentals.

Buyer Summary – City of Orange

For buyers, the City of Orange is entering a more balanced environment while still maintaining competitiveness due to low inventory. Homes are taking longer to sell, which gives you more time to evaluate properties rather than rushing into decisions as seen in previous years. With the original list-price received at 97%, there is a modest negotiation window that didn’t exist just a year ago.

Even with softer month-to-month activity, prices continue to rise, reflecting strong fundamentals and lasting demand. Buyers looking for long-term stability will find Orange appealing—especially as more listings come online. Locking in today’s pricing before further appreciation, while planning to refinance later, continues to be a smart strategy in this market.

Seller Summary – City of Orange

Sellers in the City of Orange remain in a strong position, even as the market normalizes. Inventory remains exceptionally low with only 104 homes available and just two months of supply. While days on market have increased, this reflects buyer selectiveness—not weakness in values. Prices continue to appreciate, and the year-over-year median and average sales prices both rose.

However, overpricing is no longer tolerated the way it was during peak competition. Sellers who price strategically and present their homes well still achieve top-of-market results. With more listings entering the market and buyers gaining slight leverage, professional preparation, staging, and accurate pricing are now more important than ever to maximize value and minimize days on market.