Is Wilkes, 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, Wilkes was a Seller's Market.
Housing Prices in Wilkes, OR
How much do homes in Wilkes, OR cost?
Median Sold Price
$460,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wilkes was $460,000 in May 2024, up 0.7% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $252K | N/A |
2 Bedrooms | $390.4K | $330K | -15.5% |
3 Bedrooms | $462.2K | $485K | +4.9% |
4 Bedrooms | $537K | $549K | +2.2% |
5+ Bedrooms | $550K | $611.2K | +11.1% |
Summary: Wilkes 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 15.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in Wilkes, OR
How many homes are available in Wilkes, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 53 | +23.3% |
Summary: The Wilkes real estate market had 53 homes for sale in May 2024, a 23.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 18 | 24 | +33.3% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Wilkes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Wilkes in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Wilkes, OR
How long does it take to sell a home in Wilkes, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 15 Days | -25.8% |
Summary: Homes in Wilkes had an average of 15 days on market in May 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
6 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, 7 homes were sold in Wilkes; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.