Is Veneta, 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, Veneta has remained a Seller's Market.
Key Takeaway
Veneta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Veneta, OR
How much do homes in Veneta, OR cost?
Median Sold Price
$430,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Veneta have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Veneta was $430,000 in May 2024, up 3.1% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $282K | N/A |
| 2 Bedrooms | $326.6K | $370K | +13.3% |
| 3 Bedrooms | $415K | $419.9K | +1.2% |
| 4 Bedrooms | $542.5K | $485K | -10.6% |
| 5+ Bedrooms | $595K | $875K | +47.1% |
Summary: Veneta 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 increased by 13.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 47.1%.
Median Sold Price Compared To Nearby Cities
| Veneta | $417K | $430K | +3.1% |
| Badger Mountain | $457K | $440K | -3.7% |
Housing Supply in Veneta, OR
How many homes are available in Veneta, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Veneta real estate market had 37 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Veneta 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 100%, 3 bedroom homes increased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Veneta, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Veneta in May 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Veneta, OR
How long does it take to sell a home in Veneta, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 32 Days | -9.0% |
Summary: Homes in Veneta had an average of 32 days on market in May 2024, down by 9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Veneta are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Veneta; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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