Is Joseph, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joseph is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Joseph was a Seller's Market.

Key Takeaway

Joseph is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Joseph, OR

How much do homes in Joseph, OR cost?

Median Sold Price

$517,000

$244/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$158,000(-23.4%)

Key Takeaway

Homes in Joseph have sold for 23.4% less than they did a month ago.

Summary: The median home sold price in Joseph was $517,000 in November 2024, down 23.4% from last month, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $480K-
N/A
3 $725K$399K
-45.0%
4 -$635K
N/A
5+ --
N/A

Summary: Joseph housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 45%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Joseph, OR

How many homes are available in Joseph, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1514-6.7%

Summary: The Joseph real estate market had 14 homes for sale in November 2024, a 6.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 86
-25.0%
4 23
+50.0%
5+ 11
0.0%

Summary: The Joseph 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joseph, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Joseph in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Joseph, OR

How long does it take to sell a home in Joseph, OR?

Average Sale Time

Oct 2024Nov 2024CHANGE
82 Days58 Days-28.9%

Summary: Homes in Joseph had an average of 58 days on market in Nov 2024, down by 28.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Joseph are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Joseph; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Joseph, OR

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