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.
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
| 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 |