Is Churchill, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Churchill is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Churchill has remained a Seller's Market.

Key Takeaway

Churchill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Churchill, OR

How much do homes in Churchill, OR cost?

Median Sold Price

$469,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$76,000(-13.9%)

Key Takeaway

Homes in Churchill have sold for 13.9% less than they did a year ago.

Summary: The median home sold price in Churchill was $469,000 in November 2024, down 13.9% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $214.5K$245.7K
+14.6%
2 $293.5K$327.5K
+11.6%
3 $503.5K$440K
-12.6%
4 $645K$595K
-7.8%
5+ $815K$1.0M
+27.0%

Summary: Churchill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 27%.

Housing Supply in Churchill, OR

How many homes are available in Churchill, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5744-22.8%

Summary: The Churchill real estate market had 44 homes for sale in November 2024, a 22.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 2415
-37.5%
4 2522
-12.0%
5+ 32
-33.3%

Summary: The Churchill 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 remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
178-52.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Churchill, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Churchill in November 2024, down by 52.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for Churchill, OR

How long does it take to sell a home in Churchill, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days45 Days+12.4%

Summary: Homes in Churchill had an average of 45 days on market in Nov 2024, up by 12.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Churchill are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in Churchill; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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