$1,781 Closing Credit*
$150,000
1,080 SqFt
3 Beds
•1 Full Bath
Aaron Daniel, Listing Office: Lamonte Real Estate Professionals
Is Myrtle Creek-Riddle, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Myrtle Creek-Riddle was a Seller's Market.
Key Takeaway
Myrtle Creek-Riddle 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 Myrtle Creek-Riddle, OR
How much do homes in Myrtle Creek-Riddle, OR cost?
Median Sold Price
$293,500
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+0.9%)
Key Takeaway
Homes in Myrtle Creek-Riddle have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Myrtle Creek-Riddle was $293,500 in October 2024, up 0.9% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $168K | +38.8% |
| 2 Bedrooms | $235K | $246.5K | +4.9% |
| 3 Bedrooms | $289.7K | $311K | +7.3% |
| 4 Bedrooms | $349.5K | $345K | -1.3% |
| 5+ Bedrooms | $407.5K | $290K | -28.8% |
Summary: Myrtle Creek-Riddle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 28.8%.
Median Sold Price Compared To Nearby Cities
| South Umpqua | $315K | $322.5K | +2.4% |
| Myrtle Creek | $289.5K | $295K | +1.9% |
| Myrtle Creek-Riddle | $291K | $293.5K | +0.9% |
| Canyonville | $290K | $290.5K | 0.2% |
Housing Supply in Myrtle Creek-Riddle, OR
How many homes are available in Myrtle Creek-Riddle, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 72 | -2.7% |
Summary: The Myrtle Creek-Riddle real estate market had 72 homes for sale in October 2024, a 2.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 47 | 45 | -4.3% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Myrtle Creek-Riddle 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 increased by 7.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myrtle Creek-Riddle, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Myrtle Creek-Riddle in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 9% were sold under asking, 36% were sold at asking, and 55% were sold over asking.
Days on Market for Myrtle Creek-Riddle, OR
How long does it take to sell a home in Myrtle Creek-Riddle, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 115 Days | +160.3% |
Summary: Homes in Myrtle Creek-Riddle had an average of 115 days on market in Oct 2024, up by 160.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Myrtle Creek-Riddle has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Myrtle Creek-Riddle; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% 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.