Is Pendleton, 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, Pendleton was a Seller's Market.
Housing Prices in Pendleton, OR
How much do homes in Pendleton, OR cost?
Median Sold Price
$295,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pendleton was $295,000 in March 2024, up 2.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $80.5K | -40.4% |
2 Bedrooms | $194K | $209.2K | +7.9% |
3 Bedrooms | $279.4K | $294K | +5.2% |
4 Bedrooms | $350K | $338.5K | -3.3% |
5+ Bedrooms | $355K | $356.5K | 0.4% |
Summary: Pendleton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.4%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in Pendleton, OR
How many homes are available in Pendleton, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 92 | +12.2% |
Summary: The Pendleton real estate market had 92 homes for sale in March 2024, a 12.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 42 | 44 | +4.8% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Pendleton 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 30%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Pendleton in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 64% were sold at asking, and 18% were sold over asking.
Days on Market for Pendleton, OR
How long does it take to sell a home in Pendleton, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 66 Days | +27.3% |
Summary: Homes in Pendleton had an average of 66 days on market in Mar 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Pendleton; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.