$2,849 Closing Credit*
$239,900
900 SqFt
2 Beds
•1 Full Bath
Jesse Haffly, Izabell Senters, Listing Office: eXp Realty LLC
Is Elkton-Drain, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Elkton-Drain was a Seller's Market.
Key Takeaway
Elkton-Drain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elkton-Drain, OR
How much do homes in Elkton-Drain, OR cost?
Median Sold Price
$318,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$15,750(+5.2%)
Key Takeaway
Homes in Elkton-Drain have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Elkton-Drain was $318,000 in December 2024, up 5.2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $310K | +67.6% |
| 2 Bedrooms | $239.9K | $284K | +18.4% |
| 3 Bedrooms | $305K | $346K | +13.4% |
| 4 Bedrooms | $367K | - | N/A |
| 5+ Bedrooms | $339K | $710K | +109.4% |
Summary: Elkton-Drain housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.6%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 13.4%, 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 | $318K | +5.2% |
| Kellogg-Yoncalla | $425K | $365K | -14.1% |
Housing Supply in Elkton-Drain, OR
How many homes are available in Elkton-Drain, OR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Elkton-Drain real estate market had 12 homes for sale in December 2024, a 14.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Elkton-Drain housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elkton-Drain, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Elkton-Drain in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 60 Days | 83 Days | +38.3% |
Summary: Homes in Elkton-Drain had an average of 83 days on market in Dec 2024, up by 38.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elkton-Drain has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Elkton-Drain; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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