Ellie George's Market Report

Eagle Point, OR 97524

Single-Family Homes

Principal Broker/Owner #200502069 | Email: ellie@hqoregon.com | 541-601-9582



Eagle Point, OR 97524

Wed Dec 11 2024
This week the median list price for Eagle Point, OR 97524 is $569,450 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has decreased to 58. Click here to stay informed with the Eagle Point market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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.

Eagle Point, OR 97524

Wed Dec 11 2024
This week the median list price for Eagle Point, OR 97524 is $569,450 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has decreased to 58. Click here to stay informed with the Eagle Point market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

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 Eagle Point market.
Median List Price $569,450
Median Price of New Listings $599,000
Per Square Foot $272
Average Days on Market 116
Median Days on Market 105
Price Decreased 43%
Price Increased 2%
Relisted 2%
Inventory 58
Median Rent
Market Action 32
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices 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
$919,000 3,320 10 - 20 acres 4 3.3 17 0 2 175
$643,750 2,298 2.5 - 5 acres 3 2 21 2 1 112
$545,000 1,893 4,500 - 6,500 sqft 3 2.5 0 1 1 49
$429,000 1,660 8,000 - 10,000 sqft 3 2 24 0 1 77