Ellie George's Market Report

Phoenix, OR 97535

Single-Family Homes

Principal Broker/Owner #200502069 | Email: ellie@hqoregon.com | 541-601-9582



Phoenix, OR 97535

Mon Jun 24 2024
This week the median list price for Phoenix, OR 97535 is $452,450 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 8. Click here to stay informed with the Phoenix market!

Market Action Index

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

Strong Seller's Market

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.

Phoenix, OR 97535

Mon Jun 24 2024
This week the median list price for Phoenix, OR 97535 is $452,450 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 8. Click here to stay informed with the Phoenix market!

Market Action Index

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

Strong Seller's Market

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 Phoenix market.
Median List Price $452,450
Median Price of New Listings $0
Per Square Foot $241
Average Days on Market 91
Median Days on Market 70
Price Decreased 75%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 51
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$852,450 3,896 0.25 - 0.5 acre 4 3 9 0 0 49
$550,000 2,091 8,000 - 10,000 sqft 3 3 11 0 0 105
$364,950 1,403 4,500 - 6,500 sqft 3 2 67 0 0 77
$314,000 1,532 0 - 4,500 sqft 3 2.5 42 0 0 133