$488,400
23.53 Acres
Land
Barry Winters, Jodie VanLeuven, Listing Office: Bandon By The Dunes Realtee
Is Bandon, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Bandon was a Seller's Market.
Key Takeaway
Bandon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bandon, OR
How much do homes in Bandon, OR cost?
Median Sold Price
$549,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$26,500(+5.1%)
Key Takeaway
Homes in Bandon have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Bandon was $549,000 in August 2024, up 5.1% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $452.5K | $310K | -31.5% |
| 2 Bedrooms | $362.5K | $480.1K | +32.4% |
| 3 Bedrooms | $537.5K | $550K | +2.3% |
| 4 Bedrooms | $685K | $615K | -10.2% |
| 5+ Bedrooms | $1.8M | $1.3M | -31.5% |
Summary: Bandon housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 32.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 31.5%.
Housing Supply in Bandon, OR
How many homes are available in Bandon, OR?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 80 | 81 | +1.3% |
Summary: The Bandon real estate market had 81 homes for sale in August 2024, a 1.3% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 18 | 16 | -11.1% |
| 3 Bedrooms | 45 | 49 | +8.9% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Bandon housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bandon, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Bandon in August 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Bandon, OR
How long does it take to sell a home in Bandon, OR?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 71 Days | 90 Days | +26.0% |
Summary: Homes in Bandon had an average of 90 days on market in Aug 2024, up by 26% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bandon has remained consistent over time.
Summary: During August 2024, 5 homes were sold in Bandon; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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.