Is Tillamook 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, Tillamook County was a Seller's Market.
Housing Prices in Tillamook County, OR
How much do homes in Tillamook County, OR cost?
Median Sold Price
$534,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tillamook County was $534,000 in May 2024, down 2.9% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $295.5K | $300K | +1.5% |
2 Bedrooms | $520K | $389.5K | -25.1% |
3 Bedrooms | $550K | $587.5K | +6.8% |
4 Bedrooms | $663.5K | $799K | +20.4% |
5+ Bedrooms | $905K | $890K | -1.7% |
Summary: Tillamook County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 25.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Counties
Washington County | $574.2K | $579.9K | +1.0% |
Yamhill County | $477.5K | $481K | +0.7% |
Clatsop County | $538.8K | $530K | -1.6% |
Tillamook County | $549.6K | $534K | -2.9% |
Polk County | $469.9K | $445K | -5.3% |
Housing Supply in Tillamook County, OR
How many homes are available in Tillamook County, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
183 | 230 | +25.7% |
Summary: The Tillamook County real estate market had 230 homes for sale in May 2024, a 25.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 36 | 44 | +22.2% |
3 Bedrooms | 101 | 125 | +23.8% |
4 Bedrooms | 31 | 40 | +29.0% |
5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Tillamook County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 28 | +86.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Tillamook County in May 2024, up by 86.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Tillamook County, OR
How long does it take to sell a home in Tillamook County, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 63 Days | +63.6% |
Summary: Homes in Tillamook County had an average of 63 days on market in May 2024, up by 63.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Tillamook County; 61% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.