$215,000
1.00 Acres
Land
Noah Bruce, Zoe Bruce, Listing Office: Windermere Van Vleet & Associates
Is Brookings, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Brookings has remained a Buyer's Market.
Key Takeaway
Brookings is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brookings, OR
How much do homes in Brookings, OR cost?
Median Sold Price
$532,500
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,250(+4.2%)
Key Takeaway
Homes in Brookings have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Brookings was $532,500 in November 2024, up 4.2% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $405K | +22.7% |
| 2 Bedrooms | $410K | $440K | +7.3% |
| 3 Bedrooms | $567.5K | $547.5K | -3.5% |
| 4 Bedrooms | $593K | $750K | +26.5% |
| 5+ Bedrooms | $925K | $790K | -14.6% |
Summary: Brookings housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 26.5%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 80 | -15.8% |
Summary: The Brookings real estate market had 80 homes for sale in November 2024, a 15.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 57 | 48 | -15.8% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Brookings housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 9 | -57.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Brookings, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Brookings in November 2024, down by 57.1% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 93 Days | 195 Days | +107.7% |
Summary: Homes in Brookings had an average of 195 days on market in Nov 2024, up by 107.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 9 homes were sold in Brookings; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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