Is Tenmile, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tenmile is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Tenmile has remained a Seller's Market.

Key Takeaway

Tenmile is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Tenmile, OR cost?

Median Sold Price

$337,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$70,000(+26.2%)

Key Takeaway

Homes in Tenmile have sold for 26.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $183.5K$144.5K
-21.3%
2 $210K$249K
+18.6%
3 $276K$336K
+21.7%
4 $300K$482.4K
+60.8%
5+ $389K$295K
-24.2%

Median Sold Price Compared To Nearby Cities

Winston
+27.1%
Tenmile
+26.2%
Melrose
+17.3%
Myrtle Creek-Riddle
+9.3%

How many homes are available in Tenmile, OR?

Number of Homes For Sale

Jul 2022Aug 2022%
4447+6.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 12
+100.0%
2 45
+25.0%
3 3434
0.0%
4 34
+33.3%
5+ 22
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
49+125.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tenmile, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
10 Days39 Days+280.5%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tenmile are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Tenmile, OR

Number of homes for sale in Tenmile, OR real estate market have reached 47. The number of listings in Tenmile, OR increased by 6.8% between July 2022 and August 2022. Listings spent 39 days on the market in August 2022, and had a median list price of $337,000 during the same period. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties went down by 21.3%, prices of 2 bedrooms properties went up by 18.6%, prices of 3 bedrooms properties went up by 21.7%, prices of 4 bedrooms properties went up by 60.8%, the cost of 5 bedrooms properties went down by 24.2%. Volume of homes for sale changed: volume of 1 bedroom homes went up by 100%, 2 bedrooms homes inventory increased by 25%, 3 bedrooms homes inventory did not change, 4 bedrooms homes became 33.3% more available, 5 bedrooms homes inventory did not change. In August 2022 more than 3 listings in Tenmile, OR were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 5 were sold below.

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