$10,000 Closing Credit*
$1,390,000
4,704 SqFt
5 Beds
•3 Full Baths
Rushel Reed, Listing Office: Beach Loop Realty
Is Bandon, 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, 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
$550,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+4.8%)
Key Takeaway
Homes in Bandon have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Bandon was $550,000 in October 2024, up 4.8% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $672.5K | +128.0% |
| 2 Bedrooms | $370K | $465.2K | +25.7% |
| 3 Bedrooms | $547K | $565K | +3.3% |
| 4 Bedrooms | $600K | $615K | +2.5% |
| 5+ Bedrooms | $1.8M | $837.5K | -54.7% |
Summary: Bandon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 54.7%.
Housing Supply in Bandon, OR
How many homes are available in Bandon, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 68 | -12.8% |
Summary: The Bandon real estate market had 68 homes for sale in October 2024, a 12.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 47 | 39 | -17.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Bandon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 6 | -64.7% |
Asking Price vs. Sold Price
5 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. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Bandon in October 2024, down by 64.7% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 246 Days | +364.2% |
Summary: Homes in Bandon had an average of 246 days on market in Oct 2024, up by 364.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bandon are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Bandon; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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