And Orange prices are increasing at a more rapid rate than most of the state.

According to the latest Domain House Price Report the average median house in Orange is now $469,000. That has risen by $50,000 (11.9 per cent) in the past 12 months and a massive 35 per cent, up from $345,000, in the past five years.

The regional figures including Newcastle, Wollongong and fringe areas of Sydney place Orange as the 22^nd most expensive housing market in NSW. Orange has recorded the eighth highest increase in the past year and the 18^th highest in the past five years.

Orange's median house prices are now $19,000 higher than Bathurst and the Mid-Western Regional Council area (Mudgee).

According to RealEstateView there were just 11 houses for sale between $400,00 and $500,000 in Orange this week.

Those close to the $469,000 median price included a three-bedroom brick veneer in Pyala Place and a large five bedroom brick veneer property in Phillip Street.

Century 21 Combined Orange real estate director Andrew Vogler said he had just listed a three bedroom brick veneer home on Anson Street in the $420,000-$440,000 range.

Mr Vogler said the days of homes taking 50-80 days to sell in Orange were gone.

"Quite often, they are selling within a week or so," he said.

Mr Vogler said first home buyers needed to have their finances sorted before trying to buy.

"It's an education thing for them. If I find something I want to buy I need to be able to move straight away," he said.

Median house prices, source: Domain House Price Report

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