$4,156 Closing Credit*
$350,000
1,085 SqFt
4 Beds
•1 Full Bath
Jessica Pankratz, Listing Office: Connected Real Estate Group
Is Monmouth-Independence, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Monmouth-Independence was a Seller's Market.
Key Takeaway
Monmouth-Independence 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 Monmouth-Independence, OR
How much do homes in Monmouth-Independence, OR cost?
Median Sold Price
$420,000
$249/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$33,000(+8.5%)
Key Takeaway
Homes in Monmouth-Independence have sold for 8.5% more than they did a month ago.
Summary: The median home sold price in Monmouth-Independence was $420,000 in October 2024, up 8.5% from last month, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $336.8K | $420K | +24.7% |
| 3 Bedrooms | $370K | $455K | +23.0% |
| 4 Bedrooms | $602.5K | - | N/A |
| 5+ Bedrooms | $825K | $350K | -57.6% |
Summary: Monmouth-Independence 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 increased by 24.7%, 3 bedroom homes increased by 23%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 57.6%.
Median Sold Price Compared To Nearby Cities
| Independence | $280K | $385K | +37.5% |
| Monmouth-Independence | $387K | $420K | +8.5% |
Housing Supply in Monmouth-Independence, OR
How many homes are available in Monmouth-Independence, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Summary: The Monmouth-Independence real estate market had 20 homes for sale in October 2024, a 23.1% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Monmouth-Independence 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 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monmouth-Independence, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Monmouth-Independence in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Monmouth-Independence, OR
How long does it take to sell a home in Monmouth-Independence, OR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 74 Days | +119.6% |
Summary: Homes in Monmouth-Independence had an average of 74 days on market in Oct 2024, up by 119.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Monmouth-Independence are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Monmouth-Independence; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.