Enjoy Bend Life Real Estate | Stellar Realty

Prineville, OR 97754

Single-Family Homes

Reed Melton | www.EnjoyBendLife.com | 541-408-6625 | Reed@EnjoyBendLife.com



Prineville, OR 97754

Sun Aug 01 2021
This week the median list price for Prineville, OR 97754 is $439,900 with the market action index hovering around 56. This is less than last month's market action index of 66. Inventory has increased to 49. Click here to stay informed with the Prineville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Prineville, OR 97754

Sun Aug 01 2021
This week the median list price for Prineville, OR 97754 is $439,900 with the market action index hovering around 56. This is less than last month's market action index of 66. Inventory has increased to 49. Click here to stay informed with the Prineville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Prineville market.
Median List Price $439,900
Median Price of New Listings $402,000
Per Square Foot $293
Average Days on Market 51
Median Days on Market 14
Price Decreased 31%
Price Increased 6%
Relisted 12%
Inventory 49
Median Rent
Market Action 56
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,177,500 2,256 10 - 20 acres 3 2 17 0 0 52
$629,000 1,846 1 - 2.5 acres 3 2 17 2 3 24
$417,000 1,752 1 - 2.5 acres 3 2 24 5 4 7
$325,000 1,120 0.25 - 0.5 acre 2 1 55 3 7 28