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 23 Days Ago

Newest Listings in Prineville, OR

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