Is McKenzie River, 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, McKenzie River was a Neutral Market.
Housing Prices in McKenzie River, OR
How much do homes in McKenzie River, OR cost?
Median Sold Price
$599,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in McKenzie River was $599,000 in May 2024, up 1.1% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $200K | -37.5% |
2 Bedrooms | $371K | $542.5K | +46.2% |
3 Bedrooms | $637.5K | $618.5K | -3.0% |
4 Bedrooms | $610.1K | $625K | +2.4% |
5+ Bedrooms | - | - | N/A |
Summary: McKenzie River housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 46.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
McKenzie River | $592.6K | $599K | +1.1% |
Eugene-Springfield | $450.6K | $450K | -0.1% |
Housing Supply in McKenzie River, OR
How many homes are available in McKenzie River, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 47 | +20.5% |
Summary: The McKenzie River real estate market had 47 homes for sale in May 2024, a 20.5% 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 | 9 | 10 | +11.1% |
3 Bedrooms | 22 | 26 | +18.2% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The McKenzie River 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 11.1%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in McKenzie River in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for McKenzie River, OR
How long does it take to sell a home in McKenzie River, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 75 Days | +801.5% |
Summary: Homes in McKenzie River had an average of 75 days on market in May 2024, up by 801.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in McKenzie River; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.