City of Orange Housing Update: Prices Dip, Inventory Steady
City of Orange, NJ – March 12, 2026 – Home prices eased year over year while inventory sits around 50-plus listings, as zoning activity continues.
The housing market in City of Orange, NJ is showing modest price softening compared with last year, while the number of active listings remains relatively steady for early spring.
Top takeaways
- Median sale price around $491K, down roughly 3% year over year.
- Homes averaging about 92 days on market.
- About 50–53 active listings across property types.
- Recent zoning activity includes meeting cancellations and prior-use approvals.
Market snapshot
According to Redfin, the median sale price in City of Orange Township is approximately $491,000, a decline of about 3.2% from a year ago. Price per square foot is also down year over year. Homes are averaging close to three months on market, suggesting buyers have more negotiating room than during peak-pandemic conditions.
Listing portals show roughly 50-plus homes for sale, including single-family, multifamily, and condo properties. Trulia recently reported just over 50 active listings, while Zillow shows a mix of new and existing homes across the 07050 area.
What’s for sale
Current inventory ranges from smaller single-family homes and multifamily properties suited for owner-occupants or investors, to larger historic-style houses. Buyers are also seeing select price reductions and longer listing periods compared with last spring.
Development and zoning notes
Recent public notices indicate a February 2026 Zoning Board meeting cancellation and continued council agenda activity tied to zoning and municipal matters. A previously approved use variance in late 2025 allowed conversion of an existing building to self-storage, reflecting ongoing adaptive reuse in the city.
With prices slightly below last year and inventory holding steady, early spring may offer opportunities for both first-time buyers and small investors. Are you noticing more price cuts or new listings in your neighborhood?
Sources
https://www.redfin.com/minorcivildivision/466/NJ/City-of-Orange-Township
https://www.trulia.com/NJ/Orange/
https://www.zillow.com/orange-nj/
https://orangetwpnjcc.org/category/public-notice/
https://orangenj.gov/DocumentCenter/View/5991/2326-Regular-Meeting-Agenda