Is McKenzie River, 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, McKenzie River was a Seller's Market.
Key Takeaway
McKenzie River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in McKenzie River, OR
How much do homes in McKenzie River, OR cost?
Median Sold Price
$580,000
$324/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in McKenzie River has remained the same since last year.
Summary: The median home sold price in McKenzie River was $580,000 in April 2024, the same as last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $200K | -37.5% |
| 2 Bedrooms | $375.5K | $530.7K | +41.3% |
| 3 Bedrooms | $600K | $599K | -0.2% |
| 4 Bedrooms | $580K | $625K | +7.8% |
| 5+ Bedrooms | $850K | - | N/A |
Summary: McKenzie River housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 41.3%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Eugene-Springfield | $451K | $451.6K | 0.1% |
| McKenzie River | $580K | $580K | 0.0% |
Housing Supply in McKenzie River, OR
How many homes are available in McKenzie River, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Summary: The McKenzie River real estate market had 38 homes for sale in April 2024, a 15.2% 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 | 10 | 8 | -20.0% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The McKenzie River 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 20%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 33.3%, 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
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in McKenzie River, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in McKenzie River in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for McKenzie River, OR
How long does it take to sell a home in McKenzie River, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 89 Days | 15 Days | -82.5% |
Summary: Homes in McKenzie River had an average of 15 days on market in Apr 2024, down by 82.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McKenzie River are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in McKenzie River; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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