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

Sat Sep 30 2023
This week the median list price for Phoenix, OR 97535 is $549,000 with the market action index hovering around 40. This is less than last month's market action index of 48. Inventory has decreased to 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Phoenix, OR 97535

Sat Sep 30 2023
This week the median list price for Phoenix, OR 97535 is $549,000 with the market action index hovering around 40. This is less than last month's market action index of 48. Inventory has decreased to 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.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $549,000
Median Price of New Listings $459,900
Per Square Foot $304
Average Days on Market 83
Median Days on Market 81
Price Decreased 38%
Price Increased 13%
Relisted 13%
Inventory 8
Median Rent
Market Action 40
Slight Seller's Advantage

Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.

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
$1,027,000 2,760 10 - 20 acres 4 2.8 33 0 0 133
$624,000 2,183 8,000 - 10,000 sqft 3 2 16 0 0 84
$524,000 2,143 6,500 - 8,000 sqft 4 2 0 0 0 70
$424,450 1,600 6,500 - 8,000 sqft 3 2.3 11 1 0 45