First American Market Report

Dundee, OR

Single-Family Homes

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Dundee, OR

Sat Dec 21 2024
This week the median list price for Dundee, OR is $674,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 6. Click here to stay informed with the Dundee market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Dundee, OR

Sat Dec 21 2024
This week the median list price for Dundee, OR is $674,000 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 6. Click here to stay informed with the Dundee market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Dundee market.
Median List Price $674,000
Median Price of New Listings $689,000
Per Square Foot $285
Average Days on Market 166
Median Days on Market 119
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent
Market Action 40
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$3,499,000 2,372 10 - 20 acres 2 2 10 0 0 266
$1,650,000 2,035 5 - 10 acres 4 3 21 0 0 476
$674,000 2,521 0.25 - 0.5 acre 4 2.8 17 1 1 98
$612,450 2,177 8,000 - 10,000 sqft 3 2.8 37 0 0 28