Is La Grande, 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, La Grande was a Seller's Market.
Key Takeaway
La Grande is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in La Grande, OR
How much do homes in La Grande, OR cost?
Median Sold Price
$309,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in La Grande have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in La Grande was $309,000 in March 2024, up 6.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.9K | $210K | -16.0% |
| 2 Bedrooms | $207K | $246K | +18.8% |
| 3 Bedrooms | $307K | $319.5K | +4.1% |
| 4 Bedrooms | $360K | $347K | -3.6% |
| 5+ Bedrooms | $385K | $366.5K | -4.8% |
Summary: La Grande housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in La Grande, OR
How many homes are available in La Grande, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 69 | +4.5% |
Summary: The La Grande real estate market had 69 homes for sale in March 2024, a 4.5% 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 | 15 | -11.8% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The La Grande 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 11.8%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in La Grande, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in La Grande in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for La Grande, OR
How long does it take to sell a home in La Grande, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 85 Days | +125.0% |
Summary: Homes in La Grande had an average of 85 days on market in Mar 2024, up by 125% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in La Grande are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in La Grande; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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