Is Bandon, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bandon was a Seller's Market.
Key Takeaway
Bandon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bandon, OR
How much do homes in Bandon, OR cost?
Median Sold Price
$522,500
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bandon have sold for 12.8% less than they did a year ago.
Summary: The median home sold price in Bandon was $522,500 in March 2024, down 12.8% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $625K | $280K | -55.2% |
| 2 Bedrooms | $385K | $430K | +11.7% |
| 3 Bedrooms | $569.7K | $546K | -4.2% |
| 4 Bedrooms | $753K | $552.5K | -26.6% |
| 5+ Bedrooms | $1.8M | $1.3M | -27.3% |
Summary: Bandon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.2%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes decreased by 27.3%.
Housing Supply in Bandon, OR
How many homes are available in Bandon, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 87 | +1.2% |
Summary: The Bandon real estate market had 87 homes for sale in March 2024, a 1.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 49 | 49 | 0.0% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bandon 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bandon, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Bandon in March 2024, the same as the previous month. Of the 10 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Bandon, OR
How long does it take to sell a home in Bandon, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 95 Days | +13.0% |
Summary: Homes in Bandon had an average of 95 days on market in Mar 2024, up by 13% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bandon are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 10 homes were sold in Bandon; 30% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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