Is Hermiston-Umatilla, 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, Hermiston-Umatilla was a Seller's Market.
Key Takeaway
Hermiston-Umatilla is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hermiston-Umatilla, OR
How much do homes in Hermiston-Umatilla, OR cost?
Median Sold Price
$314,434
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hermiston-Umatilla have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Hermiston-Umatilla was $314,434 in March 2024, down 3.9% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161.5K | $90K | -44.3% |
| 2 Bedrooms | $234.9K | $235K | 0.0% |
| 3 Bedrooms | $308K | $307.4K | -0.2% |
| 4 Bedrooms | $399K | $378K | -5.3% |
| 5+ Bedrooms | $497.5K | $460K | -7.5% |
Summary: Hermiston-Umatilla housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.3%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Cities
| Umatilla | $263.9K | $279.3K | +5.8% |
| Hermiston | $335K | $347.3K | +3.7% |
| Hermiston-Umatilla | $327.2K | $314.4K | -3.9% |
Housing Supply in Hermiston-Umatilla, OR
How many homes are available in Hermiston-Umatilla, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 166 | 187 | +12.7% |
Summary: The Hermiston-Umatilla real estate market had 187 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 23 | +35.3% |
| 3 Bedrooms | 94 | 102 | +8.5% |
| 4 Bedrooms | 45 | 52 | +15.6% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Hermiston-Umatilla 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 increased by 35.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hermiston-Umatilla, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Hermiston-Umatilla in March 2024, up by 12.5% month-over-month. Of the 18 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Hermiston-Umatilla, OR
How long does it take to sell a home in Hermiston-Umatilla, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 149 Days | +132.7% |
Summary: Homes in Hermiston-Umatilla had an average of 149 days on market in Mar 2024, up by 132.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hermiston-Umatilla are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 18 homes were sold in Hermiston-Umatilla; 28% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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