Is Pilot Rock, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pilot Rock is a seller's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Pilot Rock was a Neutral Market.

Key Takeaway

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

Housing Prices in Pilot Rock, OR

How much do homes in Pilot Rock, OR cost?

Median Sold Price

$209,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$1,000(-0.5%)

Key Takeaway

The sold price of homes in Pilot Rock has remained the same since last year.

Summary: The median home sold price in Pilot Rock was $209,000 in August 2024, down 0.5% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$139.5K
N/A
2 $170K$177K
+4.1%
3 $210K$239K
+13.8%
4 $292K$295K
+1.0%
5+ -$262K
N/A

Summary: Pilot Rock housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes did not change.

Housing Supply in Pilot Rock, OR

How many homes are available in Pilot Rock, OR?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
910+11.1%

Summary: The Pilot Rock real estate market had 10 homes for sale in August 2024, a 11.1% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 33
0.0%
3 23
+50.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Pilot Rock housing inventory by bedroom type for August 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pilot Rock, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Pilot Rock in August 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Pilot Rock, OR

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

Average Sale Time

Aug 2023Aug 2024CHANGE
54 Days6 Days-88.3%

Summary: Homes in Pilot Rock had an average of 6 days on market in Aug 2024, down by 88.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pilot Rock are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 3 homes were sold in Pilot Rock; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

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