$5,343 Closing Credit*
$449,900
1,501 SqFt
2 Beds
•1 Full Bath
Doug Landers, Maddie Landers, Listing Office: John L. Scott Portland Central
Is Wilkes, 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, Wilkes was a Buyer's Market.
Key Takeaway
Wilkes 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 Wilkes, OR
How much do homes in Wilkes, OR cost?
Median Sold Price
$462,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,000(+0.7%)
Key Takeaway
Homes in Wilkes have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Wilkes was $462,000 in October 2024, up 0.7% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272K | $232K | -14.7% |
| 2 Bedrooms | $347.5K | $415K | +19.4% |
| 3 Bedrooms | $465K | $485K | +4.3% |
| 4 Bedrooms | $545K | $549K | +0.7% |
| 5+ Bedrooms | $480K | $535K | +11.5% |
Summary: Wilkes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in Wilkes, OR
How many homes are available in Wilkes, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 64 | 0.0% |
Summary: The Wilkes real estate market had 64 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wilkes 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 decreased by 3.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilkes, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Wilkes in October 2024, up by 11.1% month-over-month. Of the 10 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Wilkes, OR
How long does it take to sell a home in Wilkes, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 26 Days | -24.0% |
Summary: Homes in Wilkes had an average of 26 days on market in Oct 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wilkes are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Wilkes; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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