Is Umatilla County, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Umatilla County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Umatilla County was a Seller's Market.

Key Takeaway

Umatilla County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Umatilla County, OR

How much do homes in Umatilla County, OR cost?

Median Sold Price

$303,917

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$916(-0.3%)

Key Takeaway

The sold price of homes in Umatilla County has remained the same since last year.

Summary: The median home sold price in Umatilla County was $303,917 in May 2024, down 0.3% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $152.5K$139.5K
-8.5%
2 $227.4K$230K
+1.1%
3 $303.5K$302.2K
-0.4%
4 $361.5K$365K
+1.0%
5+ $388.7K$355K
-8.7%

Summary: Umatilla County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 8.7%.

Median Sold Price Compared To Nearby Counties

Morrow County
+7.5%
Union County
+4.0%
Walla Walla County
0.2%
Umatilla County
-0.3%
Grant County
-9.5%

Housing Supply in Umatilla County, OR

How many homes are available in Umatilla County, OR?

Number of Homes For Sale

Apr 2024May 2024CHANGE
310313+1.0%

Summary: The Umatilla County real estate market had 313 homes for sale in May 2024, a 1.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1011
+10.0%
2 4344
+2.3%
3 160161
+0.6%
4 8179
-2.5%
5+ 1618
+12.5%

Summary: The Umatilla County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4645-2.2%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Umatilla County, expect to pay close to the asking price. 35.6% of homes here sold near the asking price last month.

Summary: A total of 45 homes were sold or pending in Umatilla County in May 2024, down by 2.2% month-over-month. Of the 45 sold homes, 29% were sold under asking, 36% were sold at asking, and 36% were sold over asking.

Days on Market for Umatilla County, OR

How long does it take to sell a home in Umatilla County, OR?

Average Sale Time

May 2023May 2024CHANGE
84 Days80 Days-5.0%

Summary: Homes in Umatilla County had an average of 80 days on market in May 2024, down by 5% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Umatilla County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 45 homes were sold in Umatilla County; 56% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Umatilla County, OR

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