Is Tenmile, 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, Tenmile was a Seller's Market.
Key Takeaway
Tenmile is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Tenmile, OR
How much do homes in Tenmile, OR cost?
Median Sold Price
$340,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tenmile have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Tenmile was $340,000 in March 2024, down 3.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $755K | $225K | -70.2% |
| 2 Bedrooms | $190K | $250K | +31.6% |
| 3 Bedrooms | $361K | $340K | -5.8% |
| 4 Bedrooms | $449.5K | $364K | -19.0% |
| 5+ Bedrooms | $407.5K | $708K | +73.7% |
Summary: Tenmile housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 70.2%, 2 bedroom homes increased by 31.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 73.7%.
Median Sold Price Compared To Nearby Cities
| South Umpqua | $264.9K | $370K | +39.6% |
| Winston | $325K | $324K | -0.3% |
| Melrose | $579.9K | $562K | -3.1% |
| Tenmile | $351.5K | $340K | -3.3% |
| Myrtle Creek-Riddle | $297.5K | $284.5K | -4.4% |
Housing Supply in Tenmile, OR
How many homes are available in Tenmile, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 63 | +5.0% |
Summary: The Tenmile real estate market had 63 homes for sale in March 2024, a 5.0% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 41 | 42 | +2.4% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Tenmile 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 remained the same, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tenmile, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Tenmile in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Tenmile, OR
How long does it take to sell a home in Tenmile, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 284 Days | 72 Days | -74.6% |
Summary: Homes in Tenmile had an average of 72 days on market in Mar 2024, down by 74.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tenmile are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Tenmile; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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