$3,859 Closing Credit*
$325,000
1,115 SqFt
3 Beds
•2 Full Baths
Brandy Huynh, Listing Office: RE/MAX Integrity
Is Elkton-Drain, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Elkton-Drain was a Buyer's Market.
Key Takeaway
Elkton-Drain 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 Elkton-Drain, OR
How much do homes in Elkton-Drain, OR cost?
Median Sold Price
$325,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,750(+7.5%)
Key Takeaway
Homes in Elkton-Drain have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Elkton-Drain was $325,000 in November 2024, up 7.5% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $247.5K | N/A |
| 2 Bedrooms | $229.9K | $297.5K | +29.4% |
| 3 Bedrooms | $305K | $352.9K | +15.7% |
| 4 Bedrooms | $367K | - | N/A |
| 5+ Bedrooms | $339K | $710K | +109.4% |
Summary: Elkton-Drain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 109.4%.
Median Sold Price Compared To Nearby Cities
| Elkton-Drain | $302.2K | $325K | +7.5% |
| Kellogg-Yoncalla | $387.5K | $367.5K | -5.2% |
Housing Supply in Elkton-Drain, OR
How many homes are available in Elkton-Drain, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Elkton-Drain real estate market had 12 homes for sale in November 2024, a 20.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Elkton-Drain 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 increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elkton-Drain, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Elkton-Drain in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Elkton-Drain, OR
How long does it take to sell a home in Elkton-Drain, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 134 Days | 232 Days | +73.1% |
Summary: Homes in Elkton-Drain had an average of 232 days on market in Nov 2024, up by 73.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elkton-Drain are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Elkton-Drain; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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