$6,234 Closing Credit*
$525,000
2,003 SqFt
3 Beds
•2 Full Baths
Darby Britton, Eleanor Scott, Listing Office: Works Real Estate
Is Cully, 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, Cully was a Seller's Market.
Key Takeaway
Cully is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cully, OR
How much do homes in Cully, OR cost?
Median Sold Price
$454,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$19,000(-4.0%)
Key Takeaway
Homes in Cully have sold for 4% less than they did a year ago.
Summary: The median home sold price in Cully was $454,000 in October 2024, down 4% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $327.5K | $225K | -31.3% |
| 2 Bedrooms | $415K | $364.2K | -12.2% |
| 3 Bedrooms | $481K | $474.4K | -1.4% |
| 4 Bedrooms | $570K | $600K | +5.3% |
| 5+ Bedrooms | $515.5K | $609.1K | +18.2% |
Summary: Cully housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.3%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 18.2%.
Housing Supply in Cully, OR
How many homes are available in Cully, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 48 | +6.7% |
Summary: The Cully real estate market had 48 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 16 | 20 | +25.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cully housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cully, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cully in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Cully, OR
How long does it take to sell a home in Cully, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 44 Days | +552.5% |
Summary: Homes in Cully had an average of 44 days on market in Oct 2024, up by 552.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cully are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Cully; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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