Andrea Mace

Cannon Beach, OR 97110

Single-Family Homes



Cannon Beach, OR 97110

Mon Dec 23 2024
This week the median list price for Cannon Beach, OR 97110 is $1,627,500 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has decreased to 12. 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 Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Cannon Beach, OR 97110

Mon Dec 23 2024
This week the median list price for Cannon Beach, OR 97110 is $1,627,500 with the market action index hovering around 31. This is an increase over last month's market action index of 29. Inventory has decreased to 12. 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 Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Cannon Beach market.
Median List Price $1,627,500
Median Price of New Listings $2,300,000
Per Square Foot $655
Average Days on Market 227
Median Days on Market 109
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 12
Median Rent
Market Action 31
Slight Seller's Advantage

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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 0 217
$2,300,000 2,588 4,500 - 6,500 sqft 3 3 8 1 1 35
$1,449,500 2,856 4,500 - 6,500 sqft 4 2 30 0 0 91
$599,000 1,936 0 - 4,500 sqft 3 3 25 0 1 126