Is Manzanita, OR 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, Manzanita has remained a Seller's Market.
Housing Prices in Manzanita, OR
How much do homes in Manzanita, OR cost?
Median Sold Price
$865,000
$538/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Manzanita was $865,000 in May 2024, down 0.7% from last year, and the median price per square foot was $538.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $667K | $668K | 0.1% |
2 Bedrooms | $706.9K | $759K | +7.4% |
3 Bedrooms | $910K | $857.5K | -5.8% |
4 Bedrooms | $994.7K | $1.0M | 0.5% |
5+ Bedrooms | $945.5K | $1.6M | +71.9% |
Summary: Manzanita housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 71.9%.
Housing Supply in Manzanita, OR
How many homes are available in Manzanita, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 26 | +52.9% |
Summary: The Manzanita real estate market had 26 homes for sale in May 2024, a 52.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 10 | 18 | +80.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Manzanita 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 33.3%, 3 bedroom homes increased by 80%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Manzanita in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Manzanita, OR
How long does it take to sell a home in Manzanita, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 16 Days | +512.1% |
Summary: Homes in Manzanita had an average of 16 days on market in May 2024, up by 512.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Manzanita; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.