Is Baker County, 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 County has remained a Buyer's Market.
Key Takeaway
Baker County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Baker County, OR
How much do homes in Baker County, OR cost?
Median Sold Price
$297,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Baker County have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Baker County was $297,000 in March 2024, up 18.8% 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 | $199.9K | $167.5K | -16.2% |
| 2 Bedrooms | $193.7K | $198.1K | +2.3% |
| 3 Bedrooms | $274K | $325K | +18.6% |
| 4 Bedrooms | $342K | $350K | +2.3% |
| 5+ Bedrooms | $332.5K | $438K | +31.7% |
Summary: Baker County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.2%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 31.7%.
Median Sold Price Compared To Nearby Counties
| Baker County | $250K | $297K | +18.8% |
| Union County | $286.6K | $299.5K | +4.5% |
| Grant County | $254.4K | $230K | -9.6% |
Housing Supply in Baker County, OR
How many homes are available in Baker County, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 168 | 172 | +2.4% |
Summary: The Baker County real estate market had 172 homes for sale in March 2024, a 2.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 56 | 57 | +1.8% |
| 3 Bedrooms | 67 | 70 | +4.5% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Baker County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
5 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 County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Baker County in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Baker County, OR
How long does it take to sell a home in Baker County, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 49 Days | -34.5% |
Summary: Homes in Baker County had an average of 49 days on market in Mar 2024, down by 34.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baker County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Baker County; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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