Is Neskowin, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Neskowin is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Neskowin, OR

How much do homes in Neskowin, OR cost?

Median Sold Price

$692,500

$392/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+8.6%)

Key Takeaway

Homes in Neskowin have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Neskowin was $692,500 in October 2024, up 8.6% from last year, and the median price per square foot was $392.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $422K$300K
-28.9%
2 $469K$409K
-12.8%
3 $732.4K$737K
+0.6%
4 $884.5K$1.0M
+13.1%
5+ $2.0M$1.7M
-15.7%

Summary: Neskowin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.9%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 15.7%.

Median Sold Price Compared To Nearby Cities

Neskowin
+8.6%
Beaver
+1.7%
Willamina
-8.5%

Housing Supply in Neskowin, OR

How many homes are available in Neskowin, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3034+13.3%

Summary: The Neskowin real estate market had 34 homes for sale in October 2024, a 13.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1417
+21.4%
4 910
+11.1%
5+ 33
0.0%

Summary: The Neskowin 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 21.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
06+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Neskowin, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Neskowin in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Neskowin, OR

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

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days83 Days+317.5%

Summary: Homes in Neskowin had an average of 83 days on market in Oct 2024, up by 317.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Neskowin has remained consistent over time.

Summary: During October 2024, 6 homes were sold in Neskowin; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 22 Days Ago

Newest Listings in Neskowin, OR

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