Is Wallowa County, 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, Wallowa County has remained a Buyer's Market.
Housing Prices in Wallowa County, OR
How much do homes in Wallowa County, OR cost?
Median Sold Price
$399,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wallowa County was $399,500 in May 2024, up 6.5% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $391K | $320.1K | -18.1% |
2 Bedrooms | $368K | $284.4K | -22.7% |
3 Bedrooms | $375K | $435K | +16.0% |
4 Bedrooms | $489K | $408.2K | -16.5% |
5+ Bedrooms | $300K | $509K | +69.7% |
Summary: Wallowa County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes decreased by 22.7%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes increased by 69.7%.
Housing Supply in Wallowa County, OR
How many homes are available in Wallowa County, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 64 | +20.8% |
Summary: The Wallowa County real estate market had 64 homes for sale in May 2024, a 20.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wallowa County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Wallowa County in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Wallowa County, OR
How long does it take to sell a home in Wallowa County, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 84 Days | +247.9% |
Summary: Homes in Wallowa County had an average of 84 days on market in May 2024, up by 247.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Wallowa County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.