$2,672 Closing Credit*
$225,000
936 SqFt
2 Beds
•1 Full Bath
Jennifer Jardine, Jo Ann Zebrowski, Listing Office: RE/MAX Integrity
Is Far West, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Far West has remained a Seller's Market.
Key Takeaway
Far West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Far West, OR
How much do homes in Far West, OR cost?
Median Sold Price
$304,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,500(+7.2%)
Key Takeaway
Homes in Far West have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Far West was $304,000 in November 2024, up 7.2% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217K | $286.5K | +32.0% |
| 2 Bedrooms | $265K | $239K | -9.8% |
| 3 Bedrooms | $368K | $380K | +3.3% |
| 4 Bedrooms | $491K | $431K | -12.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Far West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes did not change.
Housing Supply in Far West, OR
How many homes are available in Far West, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The Far West real estate market had 25 homes for sale in November 2024, a 13.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Far West 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 increased by 6.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 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 Far West, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Far West in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Far West, OR
How long does it take to sell a home in Far West, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 47 Days | +80.8% |
Summary: Homes in Far West had an average of 47 days on market in Nov 2024, up by 80.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Far West has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Far West; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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