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

Wed Feb 28 2024
This week the median list price for Central Point, OR 97502 is $575,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 47. 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.

Slight Seller's Advantage

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Central Point, OR 97502

Wed Feb 28 2024
This week the median list price for Central Point, OR 97502 is $575,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 47. 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.

Slight Seller's Advantage

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Central Point market.
Median List Price $575,000
Median Price of New Listings $459,000
Per Square Foot $289
Average Days on Market 99
Median Days on Market 63
Price Decreased 38%
Price Increased 4%
Relisted 0%
Inventory 47
Median Rent
Market Action 37
Slight Seller's Advantage

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.

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
$1,099,000 3,103 5 - 10 acres 4 3 24 0 0 119
$660,000 1,992 0.5 - 1 acre 3 2.5 28 1 0 42
$475,000 1,660 6,500 - 8,000 sqft 3 2 10 3 1 59
$375,000 1,367 4,500 - 6,500 sqft 3 2 21 3 1 28