Is Coos Bay, 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, Coos Bay was a Seller's Market.
Key Takeaway
Coos Bay is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Coos Bay, OR
How much do homes in Coos Bay, OR cost?
Median Sold Price
$330,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Coos Bay have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Coos Bay was $330,000 in April 2024, up 1.9% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $203.2K | +27.8% |
| 2 Bedrooms | $265K | $241K | -9.1% |
| 3 Bedrooms | $342.5K | $352.5K | +2.9% |
| 4 Bedrooms | $420K | $410K | -2.4% |
| 5+ Bedrooms | $453.2K | $480K | +5.9% |
Summary: Coos Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Coos Bay | $323.8K | $330K | +1.9% |
| North Bend | $370K | $372.5K | +0.7% |
| Eastside | $425K | $425K | 0.0% |
Housing Supply in Coos Bay, OR
How many homes are available in Coos Bay, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 111 | 132 | +18.9% |
Summary: The Coos Bay real estate market had 132 homes for sale in April 2024, a 18.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 20 | 25 | +25.0% |
| 3 Bedrooms | 61 | 71 | +16.4% |
| 4 Bedrooms | 22 | 28 | +27.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Coos Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coos Bay, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Coos Bay in April 2024, up by 22.2% month-over-month. Of the 22 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Coos Bay, OR
How long does it take to sell a home in Coos Bay, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 44 Days | -0.8% |
Summary: Homes in Coos Bay had an average of 44 days on market in Apr 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coos Bay are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Coos Bay; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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