$8,491 Closing Credit*
$715,000
1,752 SqFt
3 Beds
•2 Full Baths
Alison Underwood, Listing Office: Berkshire Hathaway HomeServices NW Real Estate
Is Nehalem, 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, Nehalem has remained a Buyer's Market.
Key Takeaway
Nehalem is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nehalem, OR
How much do homes in Nehalem, OR cost?
Median Sold Price
$645,000
$491/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$149,500(+30.2%)
Key Takeaway
Homes in Nehalem have sold for 30.2% more than they did a month ago.
Summary: The median home sold price in Nehalem was $645,000 in October 2024, up 30.2% from last month, and the median price per square foot was $491.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $491K | - | N/A |
| 3 Bedrooms | $500K | $645K | +29.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Nehalem 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 29%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Nehalem, OR
How many homes are available in Nehalem, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +19.0% |
Summary: The Nehalem real estate market had 25 homes for sale in October 2024, a 19.0% increase 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Nehalem 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nehalem, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Nehalem in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Nehalem, OR
How long does it take to sell a home in Nehalem, OR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 143 Days | +240.5% |
Summary: Homes in Nehalem had an average of 143 days on market in Oct 2024, up by 240.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Nehalem are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Nehalem; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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