Is East Oregon, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Oregon has remained a Seller's Market.
Key Takeaway
East Oregon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Oregon, PA
How much do homes in East Oregon, PA cost?
Median Sold Price
$245,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Oregon have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in East Oregon was $245,000 in May 2024, down 5.8% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $262K | $249K | -5.0% |
| 3 Bedrooms | $260K | $237.5K | -8.7% |
| 4 Bedrooms | - | $300K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: East Oregon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Philadelphia | $347.2K | $339.6K | -2.2% |
| East Oregon | $260K | $245K | -5.8% |
| Whitman | $279.9K | $261K | -6.8% |
Housing Supply in East Oregon, PA
How many homes are available in East Oregon, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The East Oregon real estate market had 29 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Oregon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Oregon, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in East Oregon in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for East Oregon, PA
How long does it take to sell a home in East Oregon, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 87 Days | 31 Days | -63.7% |
Summary: Homes in East Oregon had an average of 31 days on market in May 2024, down by 63.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Oregon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in East Oregon; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
