Is South Umpqua, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Umpqua was a Neutral Market.
Key Takeaway
South Umpqua is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Umpqua, OR
How much do homes in South Umpqua, OR cost?
Median Sold Price
$361,750
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Umpqua have sold for 34% more than they did a year ago.
Summary: The median home sold price in South Umpqua was $361,750 in April 2024, up 34% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $243.5K | $452.5K | +85.8% |
| 3 Bedrooms | $320K | $343.7K | +7.4% |
| 4 Bedrooms | $310K | - | N/A |
| 5+ Bedrooms | - | $283.7K | N/A |
Summary: South 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 85.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Umpqua | $269.9K | $361.7K | +34.0% |
| North Umpqua | $500K | $525K | +5.0% |
| Tenmile | $345K | $337.9K | -2.0% |
| Myrtle Creek-Riddle | $295K | $285K | -3.4% |
Housing Supply in South Umpqua, OR
How many homes are available in South Umpqua, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Summary: The South Umpqua real estate market had 26 homes for sale in April 2024, a 23.8% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South 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 75%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Umpqua, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in South Umpqua in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for South Umpqua, OR
How long does it take to sell a home in South Umpqua, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 126 Days | +107.9% |
Summary: Homes in South Umpqua had an average of 126 days on market in Apr 2024, up by 107.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in South Umpqua are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in South Umpqua; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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.