Is Cully, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cully was a Buyer's Market.
Key Takeaway
Cully is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cully, OR
How much do homes in Cully, OR cost?
Median Sold Price
$465,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cully have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in Cully was $465,000 in April 2024, down 5.3% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $264.9K | -5.4% |
| 2 Bedrooms | $412.5K | $385K | -6.7% |
| 3 Bedrooms | $515K | $474.4K | -7.9% |
| 4 Bedrooms | $556K | $587.5K | +5.7% |
| 5+ Bedrooms | $633.5K | $594.5K | -6.1% |
Summary: Cully housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in Cully, OR
How many homes are available in Cully, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Summary: The Cully real estate market had 48 homes for sale in April 2024, a 11.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 11 | 17 | +54.5% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Cully housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cully, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Cully in April 2024, down by 21.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Cully, OR
How long does it take to sell a home in Cully, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 50 Days | +19.0% |
Summary: Homes in Cully had an average of 50 days on market in Apr 2024, up by 19% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cully are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Cully; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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