$3,918 Closing Credit*
$329,900
1,651 SqFt
3 Beds
•2 Full Baths
Matthew Vogler, Listing Office: MORE Realty, Inc.
Is Hermiston, 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, Hermiston was a Buyer's Market.
Key Takeaway
Hermiston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hermiston, OR
How much do homes in Hermiston, OR cost?
Median Sold Price
$344,450
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,304(+1.3%)
Key Takeaway
Homes in Hermiston have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Hermiston was $344,450 in October 2024, up 1.3% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $252K | $215.4K | -14.5% |
| 3 Bedrooms | $334K | $335K | 0.3% |
| 4 Bedrooms | $387.5K | $405K | +4.5% |
| 5+ Bedrooms | $460K | $533.2K | +15.9% |
Summary: Hermiston 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 decreased by 14.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Hermiston-Umatilla | $305K | $324K | +6.2% |
| Hermiston | $340.1K | $344.4K | +1.3% |
Housing Supply in Hermiston, OR
How many homes are available in Hermiston, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 124 | +5.1% |
Summary: The Hermiston real estate market had 124 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 60 | 64 | +6.7% |
| 4 Bedrooms | 37 | 37 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Hermiston 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 6.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hermiston, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Hermiston in October 2024, up by 16.7% month-over-month. Of the 21 sold homes, 52% were sold under asking, 33% were sold at asking, and 14% were sold over asking.
Days on Market for Hermiston, OR
How long does it take to sell a home in Hermiston, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 30 Days | -21.5% |
Summary: Homes in Hermiston had an average of 30 days on market in Oct 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hermiston are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Hermiston; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% 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. 
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.