Ellie George's Market Report

Grants Pass, OR

Single-Family Homes

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



Grants Pass, OR

Tue Jul 16 2024
This week the median list price for Grants Pass, OR is $559,900 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has increased to 263. Click here to stay informed with the Grants Pass market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Grants Pass, OR

Tue Jul 16 2024
This week the median list price for Grants Pass, OR is $559,900 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has increased to 263. Click here to stay informed with the Grants Pass market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Grants Pass market.
Median List Price $559,900
Median Price of New Listings $460,000
Per Square Foot $274
Average Days on Market 98
Median Days on Market 49
Price Decreased 53%
Price Increased 1%
Relisted 3%
Inventory 263
Median Rent
Market Action 34
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
$975,000 3,082 5 - 10 acres 3 3 24 3 1 70
$672,000 2,218 1 - 2.5 acres 3 3 25 5 3 56
$475,000 1,767 0.25 - 0.5 acre 3 2 35 5 4 42
$365,000 1,455 8,000 - 10,000 sqft 3 2 46 8 11 49