$265,000
5.02 Acres
Land
Pearl Hergert Heaton, Listing Office: eXp Realty, LLC
Is North Umpqua, 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, North Umpqua has remained a Buyer's Market.
Key Takeaway
North Umpqua is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Umpqua, OR
How much do homes in North Umpqua, OR cost?
Median Sold Price
$680,000
$260/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$34,500(-4.8%)
Key Takeaway
Homes in North Umpqua have sold for 4.8% less than they did a month ago.
Summary: The median home sold price in North Umpqua was $680,000 in October 2024, down 4.8% from last month, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $714.5K | $725K | +1.5% |
| 5+ Bedrooms | - | $635K | N/A |
Summary: North Umpqua 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 did not change, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes did not change.
Housing Supply in North Umpqua, OR
How many homes are available in North Umpqua, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The North Umpqua real estate market had 26 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 17 | +88.9% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The North Umpqua 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 50%, 3 bedroom homes increased by 88.9%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 North Umpqua, 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 North Umpqua in October 2024, the same as the previous 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 North Umpqua, OR
How long does it take to sell a home in North Umpqua, OR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 5 Days | +25.0% |
Summary: Homes in North Umpqua had an average of 5 days on market in Oct 2024, up by 25% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Umpqua are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in North Umpqua; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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