Is Junction City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Junction City has remained a Seller's Market.
Key Takeaway
Junction City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Junction City, OR
How much do homes in Junction City, OR cost?
Median Sold Price
$491,400
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Junction City have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Junction City was $491,400 in May 2024, up 2.4% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $317K | $401K | +26.5% |
| 3 Bedrooms | $450K | $447.9K | -0.4% |
| 4 Bedrooms | $511.9K | $539K | +5.3% |
| 5+ Bedrooms | $516.9K | $507.4K | -1.8% |
Summary: Junction City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in Junction City, OR
How many homes are available in Junction City, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 67 | +15.5% |
Summary: The Junction City real estate market had 67 homes for sale in May 2024, a 15.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Junction City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 15 | +114.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Junction City, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Junction City in May 2024, up by 114.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Junction City, OR
How long does it take to sell a home in Junction City, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 42 Days | +0.8% |
Summary: Homes in Junction City had an average of 42 days on market in May 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Junction City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Junction City; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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