Is Wallowa County, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wallowa County has remained a Buyer's Market.
Key Takeaway
Wallowa County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wallowa County, OR
How much do homes in Wallowa County, OR cost?
Median Sold Price
$399,000
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wallowa County have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Wallowa County was $399,000 in April 2024, down 2.4% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $391K | $320.1K | -18.1% |
| 2 Bedrooms | $388.5K | $293.4K | -24.5% |
| 3 Bedrooms | $433.5K | $412K | -5.0% |
| 4 Bedrooms | $412.5K | $504K | +22.2% |
| 5+ Bedrooms | $300K | $509K | +69.7% |
Summary: Wallowa County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes decreased by 24.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 69.7%.
Housing Supply in Wallowa County, OR
How many homes are available in Wallowa County, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 50 | 0.0% |
Summary: The Wallowa County real estate market had 50 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wallowa County 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 decreased by 12.5%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wallowa County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Wallowa County in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Wallowa County, OR
How long does it take to sell a home in Wallowa County, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 60 Days | -21.2% |
Summary: Homes in Wallowa County had an average of 60 days on market in Apr 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wallowa County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Wallowa County; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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