Is Coos Bay, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Coos Bay was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.5K | $228.5K | +63.8% |
2 Bedrooms | $262K | $247K | -5.7% |
3 Bedrooms | $354.4K | $349K | -1.5% |
4 Bedrooms | $410K | $440K | +7.3% |
5+ Bedrooms | $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 | $325K | $330K | +1.5% |
North Bend | $375K | $360K | -4.0% |
Eastside | $435.5K | $412K | -5.4% |
Housing Supply in Coos Bay, OR
How many homes are available in Coos Bay, OR?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
140 | 144 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 30 | 26 | -13.3% |
3 Bedrooms | 66 | 70 | +6.1% |
4 Bedrooms | 33 | 34 | +3.0% |
5+ Bedrooms | 9 | 12 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 9 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
33 Days | 84 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
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.