Is Tillamook, 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, Tillamook was a Seller's Market.
Key Takeaway
Tillamook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tillamook, OR
How much do homes in Tillamook, OR cost?
Median Sold Price
$379,500
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tillamook have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Tillamook was $379,500 in April 2024, up 5.4% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $222.2K | N/A |
| 2 Bedrooms | $240K | $298K | +24.2% |
| 3 Bedrooms | $358K | $400K | +11.7% |
| 4 Bedrooms | $395K | $575K | +45.6% |
| 5+ Bedrooms | $537.5K | $550K | +2.3% |
Summary: Tillamook 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 24.2%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 45.6%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in Tillamook, OR
How many homes are available in Tillamook, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Summary: The Tillamook real estate market had 47 homes for sale in April 2024, a 14.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Tillamook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tillamook, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Tillamook in April 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Tillamook, OR
How long does it take to sell a home in Tillamook, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 112 Days | 140 Days | +24.6% |
Summary: Homes in Tillamook had an average of 140 days on market in Apr 2024, up by 24.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tillamook are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Tillamook; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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