Is Baker City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Baker City has remained a Buyer's Market.
Key Takeaway
Baker City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Baker City, OR
How much do homes in Baker City, OR cost?
Median Sold Price
$297,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Baker City have sold for 19% more than they did a year ago.
Summary: The median home sold price in Baker City was $297,500 in March 2024, up 19% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $151.5K | +21.2% |
| 2 Bedrooms | $187.5K | $196.3K | +4.7% |
| 3 Bedrooms | $268.5K | $325K | +21.0% |
| 4 Bedrooms | $331.5K | $349.5K | +5.4% |
| 5+ Bedrooms | $425K | $438K | +3.1% |
Summary: Baker City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.2%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in Baker City, OR
How many homes are available in Baker City, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 102 | 105 | +2.9% |
Summary: The Baker City real estate market had 105 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 38 | 41 | +7.9% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Baker City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baker City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Baker City in March 2024, down by 25.0% 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 Baker City, OR
How long does it take to sell a home in Baker City, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 33 Days | -44.2% |
Summary: Homes in Baker City had an average of 33 days on market in Mar 2024, down by 44.2% 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
Key Takeaway
Many homes in Baker City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Baker City; 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.
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