$4,370 Closing Credit*
$368,000
1,440 SqFt
2 Beds
•1 Full Bath
Jamie Batte, Listing Office: TRUHOME Inc
Is Depoe Bay, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Depoe Bay was a Buyer's Market.
Key Takeaway
Depoe Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Depoe Bay, OR
How much do homes in Depoe Bay, OR cost?
Median Sold Price
$699,000
$360/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$3,123(+0.4%)
Key Takeaway
The sold price of homes in Depoe Bay has remained the same since last month.
Summary: The median home sold price in Depoe Bay was $699,000 in August 2024, up 0.4% from last month, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $685K | N/A |
| 3 Bedrooms | $695.8K | $699K | 0.4% |
| 4 Bedrooms | - | $828K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Depoe Bay housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Depoe Bay, OR
How many homes are available in Depoe Bay, OR?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Depoe Bay real estate market had 20 homes for sale in August 2024, a 11.1% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Depoe Bay housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Depoe Bay, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Depoe Bay in August 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Depoe Bay, OR
How long does it take to sell a home in Depoe Bay, OR?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 Days | 20 Days | +278.2% |
Summary: Homes in Depoe Bay had an average of 20 days on market in Aug 2024, up by 278.2% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Depoe Bay are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Depoe Bay; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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