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 Dec 04 2024
This week the median list price for Central Point, OR 97502 is $465,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 65. 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

Market Narrative

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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Central Point, OR 97502

Wed Dec 04 2024
This week the median list price for Central Point, OR 97502 is $465,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 65. 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

Market Narrative

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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Central Point market.
Median List Price $465,000
Median Price of New Listings $364,950
Per Square Foot $286
Average Days on Market 113
Median Days on Market 77
Price Decreased 48%
Price Increased 0%
Relisted 2%
Inventory 65
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,025,000 2,327 5 - 10 acres 3 2.5 22 0 0 133
$620,000 2,086 8,000 - 10,000 sqft 3 2 18 1 6 94
$419,950 1,503 8,000 - 10,000 sqft 3 2 23 1 2 52
$339,900 1,322 4,500 - 6,500 sqft 3 2 26 2 4 49