First American Market Report

Elmira, OR

Single-Family Homes

First American Title Company | www.firstam.com



Elmira, OR

Tue Oct 15 2024
This week the median list price for Elmira, OR is $835,000 with the market action index hovering around 25. This is less than last month's market action index of 35. Inventory has increased to 7. Click here to stay informed with the Elmira market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Elmira, OR

Tue Oct 15 2024
This week the median list price for Elmira, OR is $835,000 with the market action index hovering around 25. This is less than last month's market action index of 35. Inventory has increased to 7. Click here to stay informed with the Elmira market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Elmira market.
Median List Price $835,000
Median Price of New Listings $0
Per Square Foot $315
Average Days on Market 110
Median Days on Market 63
Price Decreased 43%
Price Increased 0%
Relisted 29%
Inventory 7
Median Rent
Market Action 25
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$950,000 2,669 5 - 10 acres 3 3.5 45 0 0 70
$867,450 3,262 5 - 10 acres 4 3.3 43 0 0 255
$725,000 2,285 5 - 10 acres 3 3 48 0 0 73
$455,000 1,422 2.5 - 5 acres 2 1.3 52 0 0 21