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

Thu Dec 26 2024
This week the median list price for Phoenix, OR 97535 is $425,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 9. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Phoenix, OR 97535

Thu Dec 26 2024
This week the median list price for Phoenix, OR 97535 is $425,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 9. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Phoenix market.
Median List Price $425,000
Median Price of New Listings $0
Per Square Foot $265
Average Days on Market 94
Median Days on Market 49
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent
Market Action 33
Slight Seller's Advantage

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
$939,500 4,960 0.25 - 0.5 acre 4 3 18 0 0 136
$482,000 2,040 8,000 - 10,000 sqft 4 2.3 52 0 0 140
$407,500 1,152 8,000 - 10,000 sqft 2 2 29 0 0 28
$349,000 1,088 8,000 - 10,000 sqft 2 1.5 67 0 1 35