Is Eastside, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Eastside was a Seller's Market.
Key Takeaway
Eastside is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Eastside, OR
How much do homes in Eastside, OR cost?
Median Sold Price
$420,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Eastside have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Eastside was $420,000 in May 2024, up 2.4% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $228.5K | +90.4% |
| 2 Bedrooms | $316.2K | $260K | -17.8% |
| 3 Bedrooms | $405K | $432.5K | +6.8% |
| 4 Bedrooms | $470K | $450K | -4.3% |
| 5+ Bedrooms | $532.4K | $560K | +5.2% |
Summary: Eastside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.4%, 2 bedroom homes decreased by 17.8%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Eastside | $410K | $420K | +2.4% |
| Coos Bay | $327K | $333.9K | +2.1% |
| Melrose | $579.9K | $572.5K | -1.3% |
| North Bayside | $412.5K | $352.5K | -14.5% |
Housing Supply in Eastside, OR
How many homes are available in Eastside, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Summary: The Eastside real estate market had 37 homes for sale in May 2024, a 37.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Eastside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastside, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Eastside in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Eastside, OR
How long does it take to sell a home in Eastside, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 14 Days | -56.0% |
Summary: Homes in Eastside had an average of 14 days on market in May 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastside are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Eastside; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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