Is Linn County, 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, Linn County was a Seller's Market.
Housing Prices in Linn County, OR
How much do homes in Linn County, OR cost?
Median Sold Price
$408,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Linn County was $408,000 in May 2024, up 3.4% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190.2K | $210K | +10.4% |
2 Bedrooms | $315K | $300.5K | -4.6% |
3 Bedrooms | $390K | $399.4K | +2.4% |
4 Bedrooms | $480K | $475K | -1.0% |
5+ Bedrooms | $515K | $521K | +1.2% |
Summary: Linn County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Counties
Benton County | $515K | $560K | +8.7% |
Linn County | $394.7K | $408K | +3.4% |
Marion County | $439.9K | $443K | +0.7% |
Lane County | $450.3K | $451.5K | 0.3% |
Polk County | $469.9K | $445K | -5.3% |
Housing Supply in Linn County, OR
How many homes are available in Linn County, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
246 | 250 | +1.6% |
Summary: The Linn County real estate market had 250 homes for sale in May 2024, a 1.6% increase 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 | 31 | 35 | +12.9% |
3 Bedrooms | 140 | 132 | -5.7% |
4 Bedrooms | 59 | 57 | -3.4% |
5+ Bedrooms | 12 | 23 | +91.7% |
Summary: The Linn County 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 increased by 12.9%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 91.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 33 | -26.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Linn County in May 2024, down by 26.7% month-over-month. Of the 33 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for Linn County, OR
How long does it take to sell a home in Linn County, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 44 Days | -10.9% |
Summary: Homes in Linn County had an average of 44 days on market in May 2024, down by 10.9% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Linn County; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.