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 May 2023
At the same time last year, Myrtle Creek-Riddle was a Seller's Market.
Key Takeaway
Myrtle Creek-Riddle 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 Myrtle Creek-Riddle, OR
How much do homes in Myrtle Creek-Riddle, OR cost?
Median Sold Price
$287,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Myrtle Creek-Riddle have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Myrtle Creek-Riddle was $287,000 in May 2024, down 3.8% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $195K | +30.0% |
| 2 Bedrooms | $218K | $255K | +17.0% |
| 3 Bedrooms | $304.5K | $285K | -6.4% |
| 4 Bedrooms | $340K | $407.5K | +19.9% |
| 5+ Bedrooms | $647.5K | $369K | -43.0% |
Summary: Myrtle Creek-Riddle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes decreased by 43%.
Median Sold Price Compared To Nearby Cities
| South Umpqua | $278.7K | $353.5K | +26.8% |
| Riddle | $290K | $310K | +6.9% |
| Myrtle Creek | $293.5K | $285K | -2.9% |
| Myrtle Creek-Riddle | $298.3K | $287K | -3.8% |
Housing Supply in Myrtle Creek-Riddle, OR
How many homes are available in Myrtle Creek-Riddle, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 76 | +13.4% |
Summary: The Myrtle Creek-Riddle real estate market had 76 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 38 | 46 | +21.1% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Myrtle Creek-Riddle housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Myrtle Creek-Riddle, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Myrtle Creek-Riddle in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 84 Days | 51 Days | -38.7% |
Summary: Homes in Myrtle Creek-Riddle had an average of 51 days on market in May 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Myrtle Creek-Riddle are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Myrtle Creek-Riddle; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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