$4,340 Closing Credit*
$365,500
Kimberly Weaver, Listing Office: Blue Pacific Realty
Is Brookings, 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, Brookings was a Buyer's Market.
Key Takeaway
Brookings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brookings, OR
How much do homes in Brookings, OR cost?
Median Sold Price
$510,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+0.5%)
Key Takeaway
The sold price of homes in Brookings has remained the same since last year.
Summary: The median home sold price in Brookings was $510,000 in October 2024, up 0.5% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $405K | +22.7% |
| 2 Bedrooms | $412.5K | $427.5K | +3.6% |
| 3 Bedrooms | $542.5K | $543.7K | 0.2% |
| 4 Bedrooms | $604K | $723.5K | +19.8% |
| 5+ Bedrooms | $925K | $790K | -14.6% |
Summary: Brookings housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 14.6%.
Housing Supply in Brookings, OR
How many homes are available in Brookings, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 99 | -2.0% |
Summary: The Brookings real estate market had 99 homes for sale in October 2024, a 2.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 62 | 58 | -6.5% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Brookings housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 21 | +50.0% |
Asking Price vs. Sold Price
17 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 Brookings, you may be able to get a good deal. 81% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Brookings in October 2024, up by 50.0% month-over-month. Of the 21 sold homes, 81% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Brookings, OR
How long does it take to sell a home in Brookings, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 154 Days | 145 Days | -5.9% |
Summary: Homes in Brookings had an average of 145 days on market in Oct 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Brookings are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 21 homes were sold in Brookings; 14% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 62% of homes were sold over 90 days.
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