Is Umatilla County, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Umatilla County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Umatilla County was a Seller's Market.

Key Takeaway

Umatilla County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Umatilla County, OR

How much do homes in Umatilla County, OR cost?

Median Sold Price

$300,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$4,994(-1.6%)

Key Takeaway

Homes in Umatilla County have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Umatilla County was $300,000 in March 2024, down 1.6% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $145K$174.9K
+20.6%
2 $216K$235K
+8.8%
3 $302K$299.9K
-0.7%
4 $376.5K$359.9K
-4.4%
5+ $388.7K$377.5K
-2.9%

Summary: Umatilla County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Counties

Union County
+4.5%
Walla Walla County
-1.0%
Umatilla County
-1.6%
Grant County
-9.6%

Housing Supply in Umatilla County, OR

How many homes are available in Umatilla County, OR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
338370+9.5%

Summary: The Umatilla County real estate market had 370 homes for sale in March 2024, a 9.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 99
0.0%
2 4855
+14.6%
3 179188
+5.0%
4 7995
+20.3%
5+ 2323
0.0%

Summary: The Umatilla County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3245+40.6%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Umatilla County, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Umatilla County in March 2024, up by 40.6% month-over-month. Of the 45 sold homes, 49% were sold under asking, 27% were sold at asking, and 24% were sold over asking.

Days on Market for Umatilla County, OR

How long does it take to sell a home in Umatilla County, OR?

Average Sale Time

Mar 2023Mar 2024CHANGE
67 Days94 Days+40.5%

Summary: Homes in Umatilla County had an average of 94 days on market in Mar 2024, up by 40.5% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Umatilla County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 45 homes were sold in Umatilla County; 36% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Umatilla County, OR

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