Is Coquille, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Coquille has remained a Seller's Market.
Key Takeaway
Coquille is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coquille, OR
How much do homes in Coquille, OR cost?
Median Sold Price
$284,900
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coquille have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Coquille was $284,900 in May 2024, up 2.9% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $419.5K | +115.1% |
| 2 Bedrooms | $227.5K | $233K | +2.4% |
| 3 Bedrooms | $280K | $315K | +12.5% |
| 4 Bedrooms | $460K | $366K | -20.4% |
| 5+ Bedrooms | $400K | $205K | -48.8% |
Summary: Coquille housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes decreased by 48.8%.
Housing Supply in Coquille, OR
How many homes are available in Coquille, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Summary: The Coquille real estate market had 37 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Coquille housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Coquille, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Coquille in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Coquille, OR
How long does it take to sell a home in Coquille, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 66 Days | 11 Days | -82.9% |
Summary: Homes in Coquille had an average of 11 days on market in May 2024, down by 82.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coquille are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Coquille; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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