$4,749 Closing Credit*
$399,900
1,090 SqFt
2 Beds
•2 Full Baths
Galand Haas, Lisa Frey, Listing Office: Keller Williams Realty Eugene and Springfield
Is Southeast, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Southeast was a Seller's Market.
Key Takeaway
Southeast 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 Southeast, OR
How much do homes in Southeast, OR cost?
Median Sold Price
$520,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,750(+6.5%)
Key Takeaway
Homes in Southeast have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Southeast was $520,000 in October 2024, up 6.5% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $328K | +33.9% |
| 2 Bedrooms | $322.7K | $335K | +3.8% |
| 3 Bedrooms | $498.5K | $518K | +3.9% |
| 4 Bedrooms | $618.4K | $587.5K | -5.0% |
| 5+ Bedrooms | $585K | $650K | +11.1% |
Summary: Southeast housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in Southeast, OR
How many homes are available in Southeast, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 70 | +16.7% |
Summary: The Southeast real estate market had 70 homes for sale in October 2024, a 16.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 14 | +100.0% |
| 3 Bedrooms | 22 | 29 | +31.8% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Southeast housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 31.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Southeast in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% were sold over asking.
Days on Market for Southeast, OR
How long does it take to sell a home in Southeast, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 33 Days | +4.4% |
Summary: Homes in Southeast had an average of 33 days on market in Oct 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southeast are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Southeast; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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