Is Cannon Beach, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cannon Beach has remained a Neutral Market.
Key Takeaway
Cannon Beach 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 Cannon Beach, OR
How much do homes in Cannon Beach, OR cost?
Median Sold Price
$1,399,500
$606/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Cannon Beach have sold for 28.5% more than they did a month ago.
Summary: The median home sold price in Cannon Beach was $1,399,500 in April 2024, up 28.5% from last month, and the median price per square foot was $606.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $689K | N/A |
| 3 Bedrooms | $960K | $1.4M | +51.6% |
| 4 Bedrooms | $1.8M | $1.3M | -28.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cannon Beach housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 51.6%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes did not change.
Housing Supply in Cannon Beach, OR
How many homes are available in Cannon Beach, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Cannon Beach real estate market had 27 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Cannon Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cannon Beach, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Cannon Beach in April 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Cannon Beach, OR
How long does it take to sell a home in Cannon Beach, OR?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 62 Days | +55.9% |
Summary: Homes in Cannon Beach had an average of 62 days on market in Apr 2024, up by 55.9% compared to last month.
Breakdown of Home Sale Times
3 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 Cannon Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Cannon Beach; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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