First American Market Report

Banks, OR

Single-Family Homes

First American Title Company | www.firstam.com



Banks, OR

Sat Dec 21 2024
This week the median list price for Banks, OR is $775,000 with the market action index hovering around 27. This is less than last month's market action index of 30. Inventory has decreased to 13. Click here to stay informed with the Banks market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Banks, OR

Sat Dec 21 2024
This week the median list price for Banks, OR is $775,000 with the market action index hovering around 27. This is less than last month's market action index of 30. Inventory has decreased to 13. Click here to stay informed with the Banks market!

Market Action Index

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

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Banks market.
Median List Price $775,000
Median Price of New Listings $435,000
Per Square Foot $319
Average Days on Market 184
Median Days on Market 70
Price Decreased 38%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent
Market Action 27
Slight Buyer's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,649,990 3,379 10 - 20 acres 3 2.5 9 0 0 105
$1,100,000 3,100 5 - 10 acres 5 4 8 0 0 42
$775,000 2,100 1 - 2.5 acres 3 2 1 0 0 595
$549,497 1,773 0 - 4,500 sqft 3 2.5 25 1 0 24