Is North Umpqua, 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, North Umpqua was a Seller's Market.
Key Takeaway
North Umpqua is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Umpqua, OR
How much do homes in North Umpqua, OR cost?
Median Sold Price
$525,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Umpqua have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in North Umpqua was $525,000 in May 2024, up 9.8% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $407K | $380K | -6.6% |
| 3 Bedrooms | $450.5K | $532K | +18.1% |
| 4 Bedrooms | $689K | $600K | -12.9% |
| 5+ Bedrooms | $619.5K | $933.7K | +50.7% |
Summary: North Umpqua housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 50.7%.
Median Sold Price Compared To Nearby Cities
| South Umpqua | $278.7K | $353.5K | +26.8% |
| North Umpqua | $478K | $525K | +9.8% |
| Roseburg | $349K | $358K | +2.6% |
| Myrtle Creek-Riddle | $298.3K | $287K | -3.8% |
Housing Supply in North Umpqua, OR
How many homes are available in North Umpqua, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 24 | +33.3% |
Summary: The North Umpqua real estate market had 24 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Umpqua housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Umpqua, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in North Umpqua in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for North Umpqua, OR
How long does it take to sell a home in North Umpqua, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 2 Days | -96.3% |
Summary: Homes in North Umpqua had an average of 2 days on market in May 2024, down by 96.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Umpqua are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in North Umpqua; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.