Is Astoria, 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, Astoria was a Seller's Market.
Key Takeaway
Astoria is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Astoria, OR
How much do homes in Astoria, OR cost?
Median Sold Price
$469,500
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Astoria have sold for 8.4% less than they did a year ago.
Summary: The median home sold price in Astoria was $469,500 in May 2024, down 8.4% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357K | $268.2K | -24.9% |
| 2 Bedrooms | $432.5K | $440K | +1.8% |
| 3 Bedrooms | $525K | $464K | -11.6% |
| 4 Bedrooms | $568.1K | $552.5K | -2.8% |
| 5+ Bedrooms | $625.5K | $582.5K | -6.9% |
Summary: Astoria housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 6.9%.
Housing Supply in Astoria, OR
How many homes are available in Astoria, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 73 | -2.7% |
Summary: The Astoria real estate market had 73 homes for sale in May 2024, a 2.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 42 | 44 | +4.8% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Astoria housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Astoria, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Astoria in May 2024, down by 42.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Astoria, OR
How long does it take to sell a home in Astoria, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 108 Days | +150.3% |
Summary: Homes in Astoria had an average of 108 days on market in May 2024, up by 150.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Astoria are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 8 homes were sold in Astoria; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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