Is Coos Bay, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coos Bay is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Coos Bay was a Seller's Market.

Key Takeaway

Coos Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Coos Bay, OR

How much do homes in Coos Bay, OR cost?

Median Sold Price

$330,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,000(+1.5%)

Key Takeaway

Homes in Coos Bay have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Coos Bay was $330,000 in February 2024, up 1.5% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $139.5K$228.5K
+63.8%
2 $262K$247K
-5.7%
3 $354.4K$349K
-1.5%
4 $410K$440K
+7.3%
5+ $514.5K$480K
-6.7%

Summary: Coos Bay housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.8%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Cities

Coos Bay
+1.5%
North Bend
-4.0%
Eastside
-5.4%

Housing Supply in Coos Bay, OR

How many homes are available in Coos Bay, OR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
140144+2.9%

Summary: The Coos Bay real estate market had 144 homes for sale in February 2024, a 2.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 3026
-13.3%
3 6670
+6.1%
4 3334
+3.0%
5+ 912
+33.3%

Summary: The Coos Bay housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coos Bay, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Coos Bay in February 2024, down by 30.8% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for Coos Bay, OR

How long does it take to sell a home in Coos Bay, OR?

Average Sale Time

Feb 2023Feb 2024CHANGE
33 Days84 Days+156.5%

Summary: Homes in Coos Bay had an average of 84 days on market in Feb 2024, up by 156.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Coos Bay are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 9 homes were sold in Coos Bay; 33% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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