Is Junction City, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Junction City is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Junction City has remained a Seller's Market.

Key Takeaway

Junction City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Junction City, OR

How much do homes in Junction City, OR cost?

Median Sold Price

$485,000

$263/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$14,900(-3.0%)

Key Takeaway

Homes in Junction City have sold for 3% less than they did a year ago.

Summary: The median home sold price in Junction City was $485,000 in November 2024, down 3% from last year, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $401K$325K
-19.0%
3 $475K$455K
-4.2%
4 $521.3K$527.4K
+1.2%
5+ $516.9K$524.9K
+1.6%

Summary: Junction City 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 19%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 1.6%.

Housing Supply in Junction City, OR

How many homes are available in Junction City, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5043-14.0%

Summary: The Junction City real estate market had 43 homes for sale in November 2024, a 14.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 78
+14.3%
3 2315
-34.8%
4 1213
+8.3%
5+ 86
-25.0%

Summary: The Junction City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Junction City, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Junction City in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.

Days on Market for Junction City, OR

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

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days134 Days+126.0%

Summary: Homes in Junction City had an average of 134 days on market in Nov 2024, up by 126% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Junction City; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% 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 20 Days Ago

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