Is Hermiston, 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, Hermiston has remained a Buyer's Market.
Housing Prices in Hermiston, OR
How much do homes in Hermiston, OR cost?
Median Sold Price
$345,807
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hermiston was $345,807 in April 2024, up 4.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $90K | N/A |
2 Bedrooms | $234.9K | $235K | 0.0% |
3 Bedrooms | $320K | $341.6K | +6.8% |
4 Bedrooms | $380K | $394.9K | +3.9% |
5+ Bedrooms | $435K | $469K | +7.8% |
Summary: Hermiston 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 did not change, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
Hermiston | $331.2K | $345.8K | +4.4% |
Hermiston-Umatilla | $320K | $315.2K | -1.5% |
Housing Supply in Hermiston, OR
How many homes are available in Hermiston, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
93 | 100 | +7.5% |
Summary: The Hermiston real estate market had 100 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 49 | 56 | +14.3% |
4 Bedrooms | 31 | 31 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hermiston 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 decreased by 10%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Hermiston in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Hermiston, OR
How long does it take to sell a home in Hermiston, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
84 Days | 69 Days | -18.0% |
Summary: Homes in Hermiston had an average of 69 days on market in Apr 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Hermiston; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.