Is Linn County, 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, Linn County was a Seller's Market.
Key Takeaway
Linn County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Linn County, OR
How much do homes in Linn County, OR cost?
Median Sold Price
$390,500
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Linn County have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Linn County was $390,500 in March 2024, down 1.6% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190.2K | $210K | +10.4% |
| 2 Bedrooms | $302.5K | $300K | -0.8% |
| 3 Bedrooms | $390K | $386.2K | -1.0% |
| 4 Bedrooms | $495K | $458.8K | -7.3% |
| 5+ Bedrooms | $556.5K | $503.5K | -9.5% |
Summary: Linn County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Counties
| Marion County | $440.8K | $441.2K | 0.1% |
| Lane County | $451.6K | $452K | 0.1% |
| Linn County | $396.9K | $390.5K | -1.6% |
| Polk County | $475.4K | $450.9K | -5.1% |
Housing Supply in Linn County, OR
How many homes are available in Linn County, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 297 | 307 | +3.4% |
Summary: The Linn County real estate market had 307 homes for sale in March 2024, a 3.4% 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 | 27 | 29 | +7.4% |
| 3 Bedrooms | 170 | 179 | +5.3% |
| 4 Bedrooms | 83 | 81 | -2.4% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Linn County 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 7.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Linn County, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Linn County in March 2024, down by 11.1% month-over-month. Of the 32 sold homes, 47% were sold under asking, 19% were sold at asking, and 34% were sold over asking.
Days on Market for Linn County, OR
How long does it take to sell a home in Linn County, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 37 Days | -41.7% |
Summary: Homes in Linn County had an average of 37 days on market in Mar 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Linn County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in Linn County; 53% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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