$4,619 Closing Credit*
$389,000
1,594 SqFt
3 Beds
•2 Full Baths
Nate Eckhardt, Listing Office: Active Property Service
Is Reedsport, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Reedsport has remained a Seller's Market.
Key Takeaway
Reedsport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reedsport, OR
How much do homes in Reedsport, OR cost?
Median Sold Price
$288,250
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$36,750(-11.3%)
Key Takeaway
Homes in Reedsport have sold for 11.3% less than they did a year ago.
Summary: The median home sold price in Reedsport was $288,250 in October 2024, down 11.3% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $226.5K | -7.6% |
| 3 Bedrooms | $340.4K | $327K | -4.0% |
| 4 Bedrooms | $350K | $386.5K | +10.4% |
| 5+ Bedrooms | $450K | $598K | +32.9% |
Summary: Reedsport 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 7.6%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 32.9%.
Housing Supply in Reedsport, OR
How many homes are available in Reedsport, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 33 | -21.4% |
Summary: The Reedsport real estate market had 33 homes for sale in October 2024, a 21.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 22 | 15 | -31.8% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Reedsport 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 increased by 12.5%, 3 bedroom homes decreased by 31.8%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
6 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 Reedsport, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Reedsport in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Reedsport, OR
How long does it take to sell a home in Reedsport, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 42 Days | -3.4% |
Summary: Homes in Reedsport had an average of 42 days on market in Oct 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Reedsport are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Reedsport; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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