$35,000
1.50 Acres
Land
Anthony Beckham, Audra Yates, Listing Office: Different Better Real Estate
Is Tenmile, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Tenmile was a Seller's Market.
Key Takeaway
Tenmile is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tenmile, OR
How much do homes in Tenmile, OR cost?
Median Sold Price
$354,600
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,700(+5.6%)
Key Takeaway
Homes in Tenmile have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Tenmile was $354,600 in November 2024, up 5.6% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $637.5K | - | N/A |
| 2 Bedrooms | $237.5K | $262K | +10.3% |
| 3 Bedrooms | $342K | $360K | +5.3% |
| 4 Bedrooms | $316.5K | $440K | +39.0% |
| 5+ Bedrooms | $500K | $524K | +4.8% |
Summary: Tenmile 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 10.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 39%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Melrose | $550K | $735K | +33.6% |
| Winston | $324K | $349K | +7.7% |
| Tenmile | $335.9K | $354.6K | +5.6% |
| Myrtle Creek-Riddle | $290K | $292K | +0.7% |
Housing Supply in Tenmile, OR
How many homes are available in Tenmile, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 35 | -5.4% |
Summary: The Tenmile real estate market had 35 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Tenmile 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 decreased by 50%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 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 Tenmile, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Tenmile in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Tenmile, OR
How long does it take to sell a home in Tenmile, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 92 Days | 76 Days | -17.6% |
Summary: Homes in Tenmile had an average of 76 days on market in Nov 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tenmile are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Tenmile; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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