Is Prineville, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prineville is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Prineville was a Seller's Market.

Key Takeaway

Prineville 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 Prineville, OR

How much do homes in Prineville, OR cost?

Median Sold Price

$429,995

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,995(+1.2%)

Key Takeaway

Homes in Prineville have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Prineville was $429,995 in October 2024, up 1.2% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$300K
N/A
2 $576K$378.7K
-34.2%
3 $414K$443.9K
+7.2%
4 $434.9K$439.9K
+1.1%
5+ $469.9K$496.9K
+5.7%

Summary: Prineville 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 34.2%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 5.7%.

Housing Supply in Prineville, OR

How many homes are available in Prineville, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
19190.0%

Summary: The Prineville real estate market had 19 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 11
0.0%
3 1311
-15.4%
4 23
+50.0%
5+ 01
+100.0%

Summary: The Prineville 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 decreased by 15.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Prineville, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Prineville in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Prineville, OR

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

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days59 Days+13.4%

Summary: Homes in Prineville had an average of 59 days on market in Oct 2024, up by 13.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Prineville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 4 Days Ago

Newest Listings in Prineville, OR

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