$5,338 Closing Credit*
$449,500
1,830 SqFt
4 Beds
•2 Full Baths
Zach Field, Listing Office: Keller Williams Southern Oregon-Umpqua Valley
Is Tenmile, 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, 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
$354,200
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,200(+4.2%)
Key Takeaway
Homes in Tenmile have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Tenmile was $354,200 in October 2024, up 4.2% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $755K | $225K | -70.2% |
| 2 Bedrooms | $225K | $262K | +16.4% |
| 3 Bedrooms | $342K | $360K | +5.3% |
| 4 Bedrooms | $290K | $440K | +51.7% |
| 5+ Bedrooms | $500K | $524K | +4.8% |
Summary: Tenmile housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.2%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 51.7%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Melrose | $556K | $751K | +35.1% |
| Winston | $324K | $347.2K | +7.2% |
| Tenmile | $340K | $354.2K | +4.2% |
| South Umpqua | $315K | $322.5K | +2.4% |
| Myrtle Creek-Riddle | $291K | $293.5K | +0.9% |
Housing Supply in Tenmile, OR
How many homes are available in Tenmile, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The Tenmile real estate market had 37 homes for sale in October 2024, a 5.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tenmile housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tenmile, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Tenmile in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 24 Days | -58.5% |
Summary: Homes in Tenmile had an average of 24 days on market in Oct 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tenmile are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Tenmile; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.