Is Scio-Lacomb, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scio-Lacomb is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Scio-Lacomb was a Neutral Market.

Key Takeaway

Scio-Lacomb is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Scio-Lacomb, OR

How much do homes in Scio-Lacomb, OR cost?

Median Sold Price

$640,000

$292/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$80,000(-11.1%)

Key Takeaway

Homes in Scio-Lacomb have sold for 11.1% less than they did a year ago.

Summary: The median home sold price in Scio-Lacomb was $640,000 in October 2024, down 11.1% from last year, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $475K$882.5K
+85.8%
3 $710K$500K
-29.6%
4 $1.6M$619.9K
-62.8%
5+ -$1.7M
N/A

Summary: Scio-Lacomb 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 increased by 85.8%, 3 bedroom homes decreased by 29.6%, 4 bedroom homes decreased by 62.8%, and 5+ bedroom homes did not change.

Housing Supply in Scio-Lacomb, OR

How many homes are available in Scio-Lacomb, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
12120.0%

Summary: The Scio-Lacomb real estate market had 12 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 56
+20.0%
5+ 22
0.0%

Summary: The Scio-Lacomb 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 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scio-Lacomb, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Scio-Lacomb in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Scio-Lacomb, OR

How long does it take to sell a home in Scio-Lacomb, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
264 Days73 Days-72.4%

Summary: Homes in Scio-Lacomb had an average of 73 days on market in Oct 2024, down by 72.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Scio-Lacomb has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Scio-Lacomb; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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