Ellie George's Market Report

Central Point, OR 97502

Single-Family Homes

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



Central Point, OR 97502

Thu Sep 21 2023
This week the median list price for Central Point, OR 97502 is $570,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has increased to 44. Click here to stay informed with the Central Point 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 and prices have recently resumed upward pressure.

Central Point, OR 97502

Thu Sep 21 2023
This week the median list price for Central Point, OR 97502 is $570,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has increased to 44. Click here to stay informed with the Central Point 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 and prices have recently resumed upward pressure.

Real-Time Market Profile

Never miss important changes in the Central Point market.
Median List Price $570,000
Median Price of New Listings $500,000
Per Square Foot $280
Average Days on Market 75
Median Days on Market 35
Price Decreased 34%
Price Increased 0%
Relisted 5%
Inventory 44
Median Rent
Market Action 49
Strong Seller's Market

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
$1,000,000 2,693 5 - 10 acres 4 3 34 1 3 63
$649,000 1,717 5 - 10 acres 3 2 34 0 0 63
$499,000 2,029 8,000 - 10,000 sqft 3 2 25 2 0 7
$363,000 1,545 6,500 - 8,000 sqft 3 2 22 2 3 21