$4,970 Closing Credit*
$418,500
1,755 SqFt
3 Beds
•2 Full Baths
Natallee Turner, Listing Office: Real Broker
Is Hermiston-Umatilla, 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, Hermiston-Umatilla has remained a Seller's Market.
Key Takeaway
Hermiston-Umatilla is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hermiston-Umatilla, OR
How much do homes in Hermiston-Umatilla, OR cost?
Median Sold Price
$329,975
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,975(+7.5%)
Key Takeaway
Homes in Hermiston-Umatilla have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Hermiston-Umatilla was $329,975 in November 2024, up 7.5% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | - | N/A |
| 2 Bedrooms | $235K | $215K | -8.5% |
| 3 Bedrooms | $300K | $325K | +8.3% |
| 4 Bedrooms | $378.5K | $392.2K | +3.6% |
| 5+ Bedrooms | $389.9K | $454K | +16.4% |
Summary: Hermiston-Umatilla 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 decreased by 8.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Hermiston-Umatilla | $307K | $329.9K | +7.5% |
| Hermiston | $340.1K | $348K | +2.3% |
Housing Supply in Hermiston-Umatilla, OR
How many homes are available in Hermiston-Umatilla, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 187 | 158 | -15.5% |
Summary: The Hermiston-Umatilla real estate market had 158 homes for sale in November 2024, a 15.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 31 | 30 | -3.2% |
| 3 Bedrooms | 100 | 84 | -16.0% |
| 4 Bedrooms | 50 | 40 | -20.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Hermiston-Umatilla 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 decreased by 3.2%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 35 | -12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hermiston-Umatilla, you may be able to get a good deal. 37.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Hermiston-Umatilla in November 2024, down by 12.5% month-over-month. Of the 35 sold homes, 37% were sold under asking, 37% were sold at asking, and 26% were sold over asking.
Days on Market for Hermiston-Umatilla, OR
How long does it take to sell a home in Hermiston-Umatilla, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 85 Days | +62.1% |
Summary: Homes in Hermiston-Umatilla had an average of 85 days on market in Nov 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hermiston-Umatilla are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in Hermiston-Umatilla; 40% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.
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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.