Is Willamina, 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, Willamina was a Neutral Market.
Key Takeaway
Willamina is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Willamina, OR
How much do homes in Willamina, OR cost?
Median Sold Price
$369,450
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Willamina have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Willamina was $369,450 in May 2024, up 2.6% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $212.5K | N/A |
| 2 Bedrooms | $525K | $281.2K | -46.4% |
| 3 Bedrooms | $347K | $364.5K | +5.0% |
| 4 Bedrooms | $360K | $402.5K | +11.8% |
| 5+ Bedrooms | $855K | $420K | -50.9% |
Summary: Willamina 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 decreased by 46.4%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 50.9%.
Median Sold Price Compared To Nearby Cities
| Willamina | $360K | $369.4K | +2.6% |
| Sheridan | $375K | $380K | +1.3% |
| Willamina | $339.9K | $342.5K | +0.8% |
Housing Supply in Willamina, OR
How many homes are available in Willamina, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Willamina real estate market had 21 homes for sale in May 2024, a 10.5% 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 | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Willamina 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Willamina, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Willamina in May 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Willamina, OR
How long does it take to sell a home in Willamina, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 32 Days | -44.3% |
Summary: Homes in Willamina had an average of 32 days on market in May 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Willamina has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Willamina; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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