Enjoy Bend Life Real Estate | Realty ONE Group Discovery

Prineville, OR 97754

Single-Family Homes

Reed Melton | www.EnjoyBendLife.com | (541) 408-6625 | Reed@EnjoyBendLife.com


Prineville, OR 97754

Fri Apr 19 2024
This week the median list price for Prineville, OR 97754 is $499,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 83. Click here to stay informed with the Prineville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Prineville, OR 97754

Fri Apr 19 2024
This week the median list price for Prineville, OR 97754 is $499,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 83. Click here to stay informed with the Prineville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Prineville market.
Median List Price $499,000
Median Price of New Listings $515,000
Per Square Foot $295
Average Days on Market 113
Median Days on Market 63
Price Decreased 40%
Price Increased 2%
Relisted 7%
Inventory 83
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$937,400 2,492 5 - 10 acres 3 2 19 5 1 157
$599,000 2,096 1 - 2.5 acres 3 2 22 2 1 56
$449,900 1,822 6,500 - 8,000 sqft 3 2 2 1 2 56
$364,750 1,351 8,000 - 10,000 sqft 2 1.5 46 5 4 35