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

Thu Dec 26 2024
This week the median list price for Eagle Point, OR 97524 is $562,887 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has decreased to 54. 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

Thu Dec 26 2024
This week the median list price for Eagle Point, OR 97524 is $562,887 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has decreased to 54. 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 $562,887
Median Price of New Listings $570,260
Per Square Foot $276
Average Days on Market 122
Median Days on Market 81
Price Decreased 39%
Price Increased 0%
Relisted 2%
Inventory 54
Median Rent
Market Action 31
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
$899,000 3,342 5 - 10 acres 4 3 18 0 0 168
$655,020 2,298 0.25 - 0.5 acre 4 2.5 13 1 2 70
$537,500 1,947 8,000 - 10,000 sqft 3 2.5 0 0 0 59
$434,500 1,603 8,000 - 10,000 sqft 3 2 19 0 3 66