Is Orange, NJ 07050 a buyer’s or seller’s market?

The Orange housing market right now

In the three months ending August 31, 2026, 59% of homes in Orange, NJ 07050 sold above their list price, the typical home went under contract in 77 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 42 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 68%, homes sold more slowly (74 days then) and the median sale price held steady to $539,766. Overall, Orange is less competitive than a year ago, which gives buyers more room.

Within Essex County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Orange ranks #339 of 444 NJ ZIP codes with enough sales (score 63 out of 100).

Nearby, buyers who want less competition could look at Newark 07102 (25% sold over asking) or Essex Fells 07021 (33% sold over asking), while Glen Ridge 07028 (100% sold over asking) and Montclair 07043 (94% sold over asking) are even more competitive.