Is Myrtle Creek, 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, Myrtle Creek was a Seller's Market.
Housing Prices in Myrtle Creek, OR
How much do homes in Myrtle Creek, OR cost?
Median Sold Price
$285,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Myrtle Creek was $285,000 in March 2024, down 4.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $198.5K | N/A |
2 Bedrooms | $216K | $252K | +16.7% |
3 Bedrooms | $308K | $289.2K | -6.1% |
4 Bedrooms | $357.5K | $430K | +20.3% |
5+ Bedrooms | - | $465K | N/A |
Summary: Myrtle Creek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Myrtle Creek-Riddle | $297.5K | $284.5K | -4.4% |
Myrtle Creek | $298.8K | $285K | -4.6% |
Housing Supply in Myrtle Creek, OR
How many homes are available in Myrtle Creek, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 68 | -1.4% |
Summary: The Myrtle Creek real estate market had 68 homes for sale in March 2024, a 1.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 46 | 44 | -4.3% |
4 Bedrooms | 5 | 8 | +60.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Myrtle Creek 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 16.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Myrtle Creek in March 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Myrtle Creek, OR
How long does it take to sell a home in Myrtle Creek, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 19 Days | -65.5% |
Summary: Homes in Myrtle Creek had an average of 19 days on market in Mar 2024, down by 65.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Myrtle Creek; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.