First American Market Report

Banks, OR

Single-Family Homes

First American Title Company | www.firstam.com



Banks, OR

Tue Oct 15 2024
This week the median list price for Banks, OR is $787,500 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 12. 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 Seller's Advantage

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Banks, OR

Tue Oct 15 2024
This week the median list price for Banks, OR is $787,500 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has increased to 12. 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 Seller's Advantage

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Banks market.
Median List Price $787,500
Median Price of New Listings $0
Per Square Foot $315
Average Days on Market 181
Median Days on Market 105
Price Decreased 33%
Price Increased 8%
Relisted 8%
Inventory 12
Median Rent
Market Action 40
Slight Seller'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
$1,699,000 3,379 10 - 20 acres 3 2.5 9 0 0 42
$949,900 3,100 1 - 2.5 acres 3 2.5 8 0 0 105
$750,000 2,630 2.5 - 5 acres 4 3 52 0 0 56
$495,000 2,100 2.5 - 5 acres 3 2 44 0 1 112