$6,947 Closing Credit*
$585,000
1,613 SqFt
3 Beds
•2 Full Baths
Tamara Zimmerman, Listing Office: Taylor & Taylor Realty Co.
Is Depoe Bay, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Depoe Bay has remained a Neutral Market.
Key Takeaway
Depoe Bay 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 Depoe Bay, OR
How much do homes in Depoe Bay, OR cost?
Median Sold Price
$598,426
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,426(+8.2%)
Key Takeaway
Homes in Depoe Bay have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Depoe Bay was $598,426 in October 2024, up 8.2% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $550K | $590K | +7.3% |
| 3 Bedrooms | $534.9K | $583.3K | +9.1% |
| 4 Bedrooms | $1.0M | $750K | -31.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Depoe Bay housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 31.1%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Depoe Bay real estate market had 20 homes for sale in October 2024, a 33.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Depoe Bay 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 increased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Depoe Bay, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Depoe Bay in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 81 Days | +463.2% |
Summary: Homes in Depoe Bay had an average of 81 days on market in Oct 2024, up by 463.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Depoe Bay has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Depoe Bay; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.