Is Bandon, 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, Bandon was a Seller's Market.
Key Takeaway
Bandon 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 Bandon, OR
How much do homes in Bandon, OR cost?
Median Sold Price
$525,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bandon have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Bandon was $525,000 in May 2024, down 4.5% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $452.5K | $310K | -31.5% |
| 2 Bedrooms | $265K | $430K | +62.3% |
| 3 Bedrooms | $549K | $549K | 0.0% |
| 4 Bedrooms | $725K | $585K | -19.3% |
| 5+ Bedrooms | $1.8M | $1.3M | -27.3% |
Summary: Bandon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 62.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes decreased by 27.3%.
Housing Supply in Bandon, OR
How many homes are available in Bandon, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 69 | +21.1% |
Summary: The Bandon real estate market had 69 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 37 | 42 | +13.5% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Bandon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bandon, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Bandon in May 2024, up by 120.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Bandon, OR
How long does it take to sell a home in Bandon, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 100 Days | 48 Days | -52.1% |
Summary: Homes in Bandon had an average of 48 days on market in May 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bandon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Bandon; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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