Is Coos Bay, 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, Coos Bay was a Seller's Market.
Housing Prices in Coos Bay, OR
How much do homes in Coos Bay, OR cost?
Median Sold Price
$333,900
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Coos Bay was $333,900 in May 2024, up 2.1% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159K | $203.2K | +27.8% |
2 Bedrooms | $264K | $241K | -8.7% |
3 Bedrooms | $340K | $364.5K | +7.2% |
4 Bedrooms | $427K | $397.5K | -6.9% |
5+ Bedrooms | $453.2K | $475K | +4.8% |
Summary: Coos Bay housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
Eastside | $410K | $420K | +2.4% |
Coos Bay | $327K | $333.9K | +2.1% |
North Bend | $375K | $360K | -4.0% |
Housing Supply in Coos Bay, OR
How many homes are available in Coos Bay, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
136 | 154 | +13.2% |
Summary: The Coos Bay real estate market had 154 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 25 | 30 | +20.0% |
3 Bedrooms | 74 | 73 | -1.4% |
4 Bedrooms | 29 | 40 | +37.9% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Coos Bay 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 increased by 20%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 19 | -13.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Coos Bay in May 2024, down by 13.6% month-over-month. Of the 19 sold homes, 53% were sold under asking, 16% were sold at asking, and 32% were sold over asking.
Days on Market for Coos Bay, OR
How long does it take to sell a home in Coos Bay, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 31 Days | +4.6% |
Summary: Homes in Coos Bay had an average of 31 days on market in May 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Coos Bay; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.