Is McKenzie River, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, McKenzie River was a Neutral Market.
Key Takeaway
McKenzie River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McKenzie River, OR
How much do homes in McKenzie River, OR cost?
Median Sold Price
$599,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in McKenzie River have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in McKenzie River was $599,000 in May 2024, up 1.1% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $200K | -37.5% |
| 2 Bedrooms | $371K | $542.5K | +46.2% |
| 3 Bedrooms | $637.5K | $618.5K | -3.0% |
| 4 Bedrooms | $610.1K | $625K | +2.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: McKenzie River housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 46.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| McKenzie River | $592.6K | $599K | +1.1% |
| Eugene-Springfield | $450.6K | $450K | -0.1% |
Housing Supply in McKenzie River, OR
How many homes are available in McKenzie River, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 47 | +20.5% |
Summary: The McKenzie River real estate market had 47 homes for sale in May 2024, a 20.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The McKenzie River housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in McKenzie River, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in McKenzie River in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for McKenzie River, OR
How long does it take to sell a home in McKenzie River, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 75 Days | +801.5% |
Summary: Homes in McKenzie River had an average of 75 days on market in May 2024, up by 801.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McKenzie River are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in McKenzie River; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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