$38,000
0.27 Acres
Land
Marty Lien, Listing Office: High Country Realty Professionals
Is Baker City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Baker City was a Seller's Market.
Key Takeaway
Baker City 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 Baker City, OR
How much do homes in Baker City, OR cost?
Median Sold Price
$300,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+12.8%)
Key Takeaway
Homes in Baker City have sold for 12.8% more than they did a year ago.
Summary: The median home sold price in Baker City was $300,000 in October 2024, up 12.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171.5K | $167.5K | -2.3% |
| 2 Bedrooms | $196.3K | $213K | +8.5% |
| 3 Bedrooms | $282.5K | $320K | +13.3% |
| 4 Bedrooms | $343.5K | $333.9K | -2.8% |
| 5+ Bedrooms | $428K | $385K | -10.0% |
Summary: Baker City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 10%.
Housing Supply in Baker City, OR
How many homes are available in Baker City, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 91 | -4.2% |
Summary: The Baker City real estate market had 91 homes for sale in October 2024, a 4.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 21 | 22 | +4.8% |
| 3 Bedrooms | 50 | 45 | -10.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Baker City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baker City, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Baker City in October 2024, down by 27.8% month-over-month. Of the 13 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Baker City, OR
How long does it take to sell a home in Baker City, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 71 Days | +21.2% |
Summary: Homes in Baker City had an average of 71 days on market in Oct 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baker City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Baker City; 54% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.