$120,000
0.14 Acres
Land
James St Clair, Anton Fraga, Listing Office: St Clair Properties
Is Far West, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Far West was a Seller's Market.
Key Takeaway
Far West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Far West, OR
How much do homes in Far West, OR cost?
Median Sold Price
$325,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+18.2%)
Key Takeaway
Homes in Far West have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Far West was $325,000 in October 2024, up 18.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217K | $286.5K | +32.0% |
| 2 Bedrooms | $257.5K | $250K | -2.9% |
| 3 Bedrooms | $375.5K | $378.5K | +0.8% |
| 4 Bedrooms | $491K | $552K | +12.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Far West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 12.4%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Far West real estate market had 22 homes for sale in October 2024, a 10.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Far West 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 14.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Far West, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Far West in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 3 Days | -90.5% |
Summary: Homes in Far West had an average of 3 days on market in Oct 2024, down by 90.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Far West are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Far West; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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