$5,926 Closing Credit*
$499,000
2,147 SqFt
3 Beds
•2 Full Baths
Ashley Schnee, Listing Office: Keller Williams Realty Eugene and Springfield
Is Northeast, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Northeast has remained a Seller's Market.
Key Takeaway
Northeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast, OR
How much do homes in Northeast, OR cost?
Median Sold Price
$647,500
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+2.8%)
Key Takeaway
Homes in Northeast have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Northeast was $647,500 in October 2024, up 2.8% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $477.5K | $462.5K | -3.1% |
| 3 Bedrooms | $572.4K | $553.5K | -3.3% |
| 4 Bedrooms | $851K | $700K | -17.7% |
| 5+ Bedrooms | $1.0M | $979K | -2.1% |
Summary: Northeast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in Northeast, OR
How many homes are available in Northeast, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Summary: The Northeast real estate market had 52 homes for sale in October 2024, a 8.3% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Northeast 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 16.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Northeast in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Northeast, OR
How long does it take to sell a home in Northeast, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 46 Days | +19.7% |
Summary: Homes in Northeast had an average of 46 days on market in Oct 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northeast are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Northeast; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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