Is Seaside, 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, Seaside has remained a Seller's Market.
Key Takeaway
Seaside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Seaside, OR
How much do homes in Seaside, OR cost?
Median Sold Price
$559,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Seaside have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Seaside was $559,000 in May 2024, up 2.6% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304K | $366.4K | +20.5% |
| 2 Bedrooms | $435.7K | $490K | +12.4% |
| 3 Bedrooms | $550K | $550K | 0.0% |
| 4 Bedrooms | $729K | $732.5K | 0.5% |
| 5+ Bedrooms | $726.2K | $749K | +3.1% |
Summary: Seaside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.5%, 2 bedroom homes increased by 12.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Seaside | $545K | $559K | +2.6% |
| Gearhart | $711K | $639.5K | -10.1% |
Housing Supply in Seaside, OR
How many homes are available in Seaside, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 94 | +10.6% |
Summary: The Seaside real estate market had 94 homes for sale in May 2024, a 10.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 22 | 18 | -18.2% |
| 3 Bedrooms | 36 | 40 | +11.1% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Seaside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 20 | +66.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Seaside, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Seaside in May 2024, up by 66.7% month-over-month. Of the 20 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Seaside, OR
How long does it take to sell a home in Seaside, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 69 Days | +36.8% |
Summary: Homes in Seaside had an average of 69 days on market in May 2024, up by 36.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Seaside are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Seaside; 65% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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