$9,916 Closing Credit*
$835,000
2,408 SqFt
3 Beds
•3 Full Baths
Nicole Twigg, Listing Office: Kiwanda Coastal Properties
Is Pacific City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Pacific City was a Seller's Market.
Key Takeaway
Pacific City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pacific City, OR
How much do homes in Pacific City, OR cost?
Median Sold Price
$699,500
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$19,500(+2.9%)
Key Takeaway
Homes in Pacific City have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Pacific City was $699,500 in September 2024, up 2.9% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $399K | N/A |
| 2 Bedrooms | $580K | $449.9K | -22.4% |
| 3 Bedrooms | $650K | $694K | +6.8% |
| 4 Bedrooms | $856.5K | $1.0M | +17.6% |
| 5+ Bedrooms | $890K | $780K | -12.4% |
Summary: Pacific City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 12.4%.
Housing Supply in Pacific City, OR
How many homes are available in Pacific City, OR?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Summary: The Pacific City real estate market had 22 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pacific City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pacific City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Pacific City in September 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pacific City, OR
How long does it take to sell a home in Pacific City, OR?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 9 Days | 33 Days | +266.7% |
Summary: Homes in Pacific City had an average of 33 days on market in Sep 2024, up by 266.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pacific City are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Pacific City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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