Is Brookings, 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, Brookings was a Seller's Market.
Key Takeaway
Brookings is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Brookings, OR
How much do homes in Brookings, OR cost?
Median Sold Price
$505,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Brookings have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Brookings was $505,000 in March 2024, up 7.4% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $319K | $402.5K | +26.2% |
| 2 Bedrooms | $402.4K | $420K | +4.4% |
| 3 Bedrooms | $525K | $567.5K | +8.1% |
| 4 Bedrooms | $532K | $646.5K | +21.5% |
| 5+ Bedrooms | $500K | $700.2K | +40.1% |
Summary: Brookings housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.2%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 40.1%.
Housing Supply in Brookings, OR
How many homes are available in Brookings, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 123 | +2.5% |
Summary: The Brookings real estate market had 123 homes for sale in March 2024, a 2.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 64 | 64 | 0.0% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Brookings housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookings, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Brookings in March 2024, the same as the previous month. Of the 11 sold homes, 91% were sold under asking, 9% were sold at asking, and 0% were sold over asking.
Days on Market for Brookings, OR
How long does it take to sell a home in Brookings, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 115 Days | 62 Days | -45.9% |
Summary: Homes in Brookings had an average of 62 days on market in Mar 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brookings are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Brookings; 55% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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