$6,763 Closing Credit*
$569,500
1,982 SqFt
3 Beds
•3 Full Baths
Sean Robbins, Listing Office: eXp Realty LLC
Is Reedsport, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$298,750
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$28,750(-8.8%)
Key Takeaway
Homes in Reedsport have sold for 8.8% less than they did a year ago.
Summary: The median home sold price in Reedsport was $298,750 in November 2024, down 8.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $225K | -8.2% |
| 3 Bedrooms | $359K | $327K | -8.9% |
| 4 Bedrooms | $385.5K | $367.5K | -4.7% |
| 5+ Bedrooms | $450K | $598K | +32.9% |
Summary: Reedsport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.2%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 4.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Summary: The Reedsport real estate market had 32 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Reedsport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Reedsport, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Reedsport in November 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 94 Days | +68.9% |
Summary: Homes in Reedsport had an average of 94 days on market in Nov 2024, up by 68.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Reedsport are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 7 homes were sold in Reedsport; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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