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
Fri Apr 19 2024
This week the median list price for Phoenix, OR 97535 is $365,000 with the market action index hovering around 51. This is an increase over last month's market action index of 46. Inventory has decreased to 5.
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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Real-Time Market Profile
| Median List Price | $365,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $275 | |
| Average Days on Market | 52 | |
| Median Days on Market | 21 | |
| Price Decreased | 40% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 5 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $624,999 | 1,302 | 8,000 - 10,000 sqft | 3 | 3 | 2 | 0 | 0 | 77 |
| $579,900 | 2,040 | 6,500 - 8,000 sqft | 4 | 2 | 0 | 0 | 1 | 7 |
| $365,000 | 1,449 | 4,500 - 6,500 sqft | 3 | 2 | 84 | 0 | 1 | 21 |
| $353,000 | 1,499 | 6,500 - 8,000 sqft | 2 | 2 | 91 | 0 | 0 | 77 |