Is Myrtle Creek-Riddle, 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-Riddle was a Seller's Market.
Key Takeaway
Myrtle Creek-Riddle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Myrtle Creek-Riddle, OR
How much do homes in Myrtle Creek-Riddle, OR cost?
Median Sold Price
$284,500
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Myrtle Creek-Riddle have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Myrtle Creek-Riddle was $284,500 in March 2024, down 4.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $198.5K | +108.9% |
| 2 Bedrooms | $195K | $252K | +29.2% |
| 3 Bedrooms | $305K | $282.5K | -7.4% |
| 4 Bedrooms | $340K | $430K | +26.5% |
| 5+ Bedrooms | $985K | $359.5K | -63.5% |
Summary: Myrtle Creek-Riddle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108.9%, 2 bedroom homes increased by 29.2%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes decreased by 63.5%.
Median Sold Price Compared To Nearby Cities
| South Umpqua | $264.9K | $370K | +39.6% |
| Myrtle Creek-Riddle | $297.5K | $284.5K | -4.4% |
| Myrtle Creek | $298.8K | $285K | -4.6% |
Housing Supply in Myrtle Creek-Riddle, OR
How many homes are available in Myrtle Creek-Riddle, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 88 | -2.2% |
Summary: The Myrtle Creek-Riddle real estate market had 88 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 57 | 54 | -5.3% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Myrtle Creek-Riddle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Myrtle Creek-Riddle, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Myrtle Creek-Riddle in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Myrtle Creek-Riddle, OR
How long does it take to sell a home in Myrtle Creek-Riddle, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 27 Days | -40.0% |
Summary: Homes in Myrtle Creek-Riddle had an average of 27 days on market in Mar 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Myrtle Creek-Riddle are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Myrtle Creek-Riddle; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.