Is Rockaway Beach, 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, Rockaway Beach was a Seller's Market.
Housing Prices in Rockaway Beach, OR
How much do homes in Rockaway Beach, OR cost?
Median Sold Price
$534,000
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rockaway Beach was $534,000 in March 2024, up 5.5% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $284.5K | $279.5K | -1.8% |
2 Bedrooms | $443.1K | $495K | +11.7% |
3 Bedrooms | $576.7K | $587.5K | +1.9% |
4 Bedrooms | $875K | $819.5K | -6.3% |
5+ Bedrooms | $1.5M | $1.5M | +6.0% |
Summary: Rockaway Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 6%.
Housing Supply in Rockaway Beach, OR
How many homes are available in Rockaway Beach, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 56 | +43.6% |
Summary: The Rockaway Beach real estate market had 56 homes for sale in March 2024, a 43.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 13 | 18 | +38.5% |
3 Bedrooms | 15 | 24 | +60.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rockaway Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 38.5%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Rockaway Beach in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Rockaway Beach, OR
How long does it take to sell a home in Rockaway Beach, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 14 Days | -52.2% |
Summary: Homes in Rockaway Beach had an average of 14 days on market in Mar 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
3 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, 3 homes were sold in Rockaway Beach; 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.