Is Eastside, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Eastside has remained a Buyer's Market.
Key Takeaway
Eastside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eastside, OR
How much do homes in Eastside, OR cost?
Median Sold Price
$418,500
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eastside have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Eastside was $418,500 in March 2024, down 1.8% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $228.5K | +90.4% |
| 2 Bedrooms | $310K | $280K | -9.7% |
| 3 Bedrooms | $426K | $445K | +4.5% |
| 4 Bedrooms | $543K | $435K | -19.9% |
| 5+ Bedrooms | $532.4K | $559.5K | +5.1% |
Summary: Eastside housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.4%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 19.9%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Coos Bay | $328.3K | $330K | 0.5% |
| Eastside | $426K | $418.5K | -1.8% |
| Melrose | $579.9K | $562K | -3.1% |
| North Bayside | $417K | $379K | -9.1% |
Housing Supply in Eastside, OR
How many homes are available in Eastside, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Eastside real estate market had 37 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Eastside 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 decreased by 25%, 3 bedroom homes increased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eastside, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Eastside in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Eastside, OR
How long does it take to sell a home in Eastside, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 125 Days | +208.6% |
Summary: Homes in Eastside had an average of 125 days on market in Mar 2024, up by 208.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Eastside are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 2 homes were sold in Eastside; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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