Is Sutherlin, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sutherlin is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sutherlin was a Buyer's Market.

Key Takeaway

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

Housing Prices in Sutherlin, OR

How much do homes in Sutherlin, OR cost?

Median Sold Price

$350,000

$242/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Sutherlin has remained the same since last year.

Summary: The median home sold price in Sutherlin was $350,000 in November 2024, the same as last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $202K-
N/A
2 $229.5K$272.4K
+18.7%
3 $359.9K$350K
-2.8%
4 $415K$440K
+6.0%
5+ --
N/A

Summary: Sutherlin 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 increased by 18.7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes did not change.

Housing Supply in Sutherlin, OR

How many homes are available in Sutherlin, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4340-7.0%

Summary: The Sutherlin real estate market had 40 homes for sale in November 2024, a 7.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 3229
-9.4%
4 65
-16.7%
5+ 22
0.0%

Summary: The Sutherlin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sutherlin, 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 Sutherlin in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Sutherlin, OR

How long does it take to sell a home in Sutherlin, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days55 Days+49.8%

Summary: Homes in Sutherlin had an average of 55 days on market in Nov 2024, up by 49.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sutherlin has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Sutherlin; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

Newest Listings in Sutherlin, OR

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