$6,591 Closing Credit*
$555,000
1,967 SqFt
3 Beds
•3 Full Baths
Nicole Richards, Listing Office: eXp Realty, LLC
Is Powell Valley, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Powell Valley was a Seller's Market.
Key Takeaway
Powell Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Powell Valley, OR
How much do homes in Powell Valley, OR cost?
Median Sold Price
$451,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,992(+8.2%)
Key Takeaway
Homes in Powell Valley have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Powell Valley was $451,000 in October 2024, up 8.2% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $290K | +34.9% |
| 2 Bedrooms | $255K | $250.5K | -1.8% |
| 3 Bedrooms | $419.5K | $450K | +7.3% |
| 4 Bedrooms | $534.9K | $535.9K | 0.2% |
| 5+ Bedrooms | $685K | $570K | -16.8% |
Summary: Powell Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 16.8%.
Housing Supply in Powell Valley, OR
How many homes are available in Powell Valley, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Powell Valley real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Powell Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powell Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Powell Valley in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Powell Valley, OR
How long does it take to sell a home in Powell Valley, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 133 Days | 60 Days | -55.1% |
Summary: Homes in Powell Valley had an average of 60 days on market in Oct 2024, down by 55.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Powell Valley has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Powell Valley; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.