Is Keizer, 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, Keizer has remained a Seller's Market.
Key Takeaway
Keizer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Keizer, OR
How much do homes in Keizer, OR cost?
Median Sold Price
$444,500
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Keizer have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Keizer was $444,500 in May 2024, up 1.3% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $299.9K | N/A |
| 2 Bedrooms | $360K | $378.5K | +5.2% |
| 3 Bedrooms | $426.2K | $429.9K | +0.9% |
| 4 Bedrooms | $515K | $489.9K | -4.9% |
| 5+ Bedrooms | $572.4K | $610K | +6.6% |
Summary: Keizer 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 5.2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in Keizer, OR
How many homes are available in Keizer, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 | 72 | +10.8% |
Summary: The Keizer real estate market had 72 homes for sale in May 2024, a 10.8% 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 | 2 | -33.3% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Keizer 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 decreased by 33.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Keizer, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Keizer in May 2024, up by 27.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Keizer, OR
How long does it take to sell a home in Keizer, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 57 Days | +43.8% |
Summary: Homes in Keizer had an average of 57 days on market in May 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Keizer are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Keizer; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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