by Corey Davis

Cannon Beach, OR 97110

Single-Family Homes


Cannon Beach, OR 97110

Wed Dec 04 2024
This week the median list price for Cannon Beach, OR 97110 is $1,625,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has decreased to 14. Click here to stay informed with the Cannon Beach market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Cannon Beach, OR 97110

Wed Dec 04 2024
This week the median list price for Cannon Beach, OR 97110 is $1,625,000 with the market action index hovering around 29. This is less than last month's market action index of 31. Inventory has decreased to 14. Click here to stay informed with the Cannon Beach market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Cannon Beach market.
Median List Price $1,625,000
Median Price of New Listings $0
Per Square Foot $646
Average Days on Market 194
Median Days on Market 88
Price Decreased 29%
Price Increased 0%
Relisted 0%
Inventory 14
Median Rent
Market Action 29
Slight Buyer's Advantage

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$2,659,999 2,920 0.25 - 0.5 acre 4 3 22 0 0 196
$2,225,000 2,938 6,500 - 8,000 sqft 4 3.5 8 0 0 35
$1,452,250 2,718 6,500 - 8,000 sqft 4 2.5 30 0 0 63
$709,000 1,633 0 - 4,500 sqft 3 2.5 25 0 0 119