Is North Umpqua, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Umpqua has remained a Buyer's Market.
Key Takeaway
North Umpqua is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Umpqua, OR
How much do homes in North Umpqua, OR cost?
Median Sold Price
$525,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Umpqua have sold for 5% more than they did a year ago.
Summary: The median home sold price in North Umpqua was $525,000 in April 2024, up 5% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $347.5K | $424.5K | +22.2% |
| 3 Bedrooms | $435.5K | $535K | +22.8% |
| 4 Bedrooms | $694.4K | $557.5K | -19.7% |
| 5+ Bedrooms | $619.5K | $933.7K | +50.7% |
Summary: North Umpqua housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 22.8%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes increased by 50.7%.
Median Sold Price Compared To Nearby Cities
| South Umpqua | $269.9K | $361.7K | +34.0% |
| Roseburg | $340K | $359K | +5.6% |
| North Umpqua | $500K | $525K | +5.0% |
| Myrtle Creek-Riddle | $295K | $285K | -3.4% |
Housing Supply in North Umpqua, OR
How many homes are available in North Umpqua, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The North Umpqua real estate market had 18 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The North Umpqua housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Umpqua, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in North Umpqua in April 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for North Umpqua, OR
How long does it take to sell a home in North Umpqua, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 58 Days | 103 Days | +78.4% |
Summary: Homes in North Umpqua had an average of 103 days on market in Apr 2024, up by 78.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Umpqua are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in North Umpqua; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.