$9,797 Closing Credit*
$825,000
4,083 SqFt
Aimee Farrell, Listing Office: Works Real Estate
Is Mill City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mill City has remained a Seller's Market.
Key Takeaway
Mill City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mill City, OR
How much do homes in Mill City, OR cost?
Median Sold Price
$357,500
$304/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$68,500(+23.7%)
Key Takeaway
Homes in Mill City have sold for 23.7% more than they did a month ago.
Summary: The median home sold price in Mill City was $357,500 in October 2024, up 23.7% from last month, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $252.4K | - | N/A |
| 3 Bedrooms | $289K | $357.5K | +23.7% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $415K | - | N/A |
Summary: Mill City housing prices by bedroom type for October 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 increased by 23.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Mill City, OR
How many homes are available in Mill City, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Mill City real estate market had 7 homes for sale in October 2024, a 30.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mill City 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 decreased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mill City, 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 Mill City in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Mill City, OR
How long does it take to sell a home in Mill City, OR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 27 Days | -42.7% |
Summary: Homes in Mill City had an average of 27 days on market in Oct 2024, down by 42.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mill City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Mill City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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