Is Myrtle Creek-Riddle, 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, Myrtle Creek-Riddle has remained a Buyer's Market.
Housing Prices in Myrtle Creek-Riddle, OR
How much do homes in Myrtle Creek-Riddle, OR cost?
Median Sold Price
$285,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Myrtle Creek-Riddle was $285,000 in April 2024, down 3.4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $198.5K | +108.9% |
2 Bedrooms | $202K | $252K | +24.8% |
3 Bedrooms | $303K | $285K | -5.9% |
4 Bedrooms | $330K | $430K | +30.3% |
5+ Bedrooms | $647.5K | $369K | -43.0% |
Summary: Myrtle Creek-Riddle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108.9%, 2 bedroom homes increased by 24.8%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes decreased by 43%.
Median Sold Price Compared To Nearby Cities
South Umpqua | $269.9K | $361.7K | +34.0% |
Myrtle Creek | $282.4K | $285K | +0.9% |
Myrtle Creek-Riddle | $295K | $285K | -3.4% |
Housing Supply in Myrtle Creek-Riddle, OR
How many homes are available in Myrtle Creek-Riddle, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 62 | +10.7% |
Summary: The Myrtle Creek-Riddle real estate market had 62 homes for sale in April 2024, a 10.7% 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 | 14 | 13 | -7.1% |
3 Bedrooms | 33 | 34 | +3.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Myrtle Creek-Riddle 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 7.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Myrtle Creek-Riddle in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Myrtle Creek-Riddle, OR
How long does it take to sell a home in Myrtle Creek-Riddle, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
125 Days | 26 Days | -79.3% |
Summary: Homes in Myrtle Creek-Riddle had an average of 26 days on market in Apr 2024, down by 79.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Myrtle Creek-Riddle; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.