by Corey Davis
Cannon Beach, OR 97110
Single-Family Homes
Cannon Beach, OR 97110
Thu Dec 26 2024
This week the median list price for Cannon Beach, OR 97110 is $1,627,500 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has decreased to 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $1,627,500 | |
| Median Price of New Listings | $2,300,000 | |
| Per Square Foot | $655 | |
| Average Days on Market | 227 | |
| Median Days on Market | 109 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,659,999 | 2,920 | 0.25 - 0.5 acre | 4 | 3 | 22 | 0 | 0 | 217 |
| $2,300,000 | 2,588 | 4,500 - 6,500 sqft | 3 | 3 | 8 | 1 | 1 | 35 |
| $1,449,500 | 2,856 | 4,500 - 6,500 sqft | 4 | 2 | 30 | 0 | 0 | 91 |
| $599,000 | 1,936 | 0 - 4,500 sqft | 3 | 3 | 25 | 0 | 1 | 126 |