Is Keizer, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Keizer is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Keizer, OR

How much do homes in Keizer, OR cost?

Median Sold Price

$439,500

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,500(-1.2%)

Key Takeaway

Homes in Keizer have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Keizer was $439,500 in September 2024, down 1.2% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$299.9K
N/A
2 $375K$386K
+2.9%
3 $424.5K$429.9K
+1.3%
4 $523.9K$470K
-10.3%
5+ $549.9K$584.4K
+6.3%

Summary: Keizer housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Cities

Salem
+1.6%
Salem
0.3%
Keizer
-1.2%

Housing Supply in Keizer, OR

How many homes are available in Keizer, OR?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6863-7.4%

Summary: The Keizer real estate market had 63 homes for sale in September 2024, a 7.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 77
0.0%
3 3936
-7.7%
4 1716
-5.9%
5+ 54
-20.0%

Summary: The Keizer housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
158-46.7%

Asking Price vs. Sold Price

6 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 Keizer, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Keizer in September 2024, down by 46.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Keizer, OR

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

Average Sale Time

Sep 2023Sep 2024CHANGE
18 Days40 Days+114.3%

Summary: Homes in Keizer had an average of 40 days on market in Sep 2024, up by 114.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Keizer are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 8 homes were sold in Keizer; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 30 Days Ago

Newest Listings in Keizer, OR

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