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

Mon Dec 02 2024
This week the median list price for Grants Pass, OR is $499,900 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 241. 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

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.

Grants Pass, OR

Mon Dec 02 2024
This week the median list price for Grants Pass, OR is $499,900 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 241. 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

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 Grants Pass market.
Median List Price $499,900
Median Price of New Listings $559,000
Per Square Foot $278
Average Days on Market 124
Median Days on Market 105
Price Decreased 48%
Price Increased 1%
Relisted 7%
Inventory 241
Median Rent
Market Action 36
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
$899,000 3,018 5 - 10 acres 3 3 21 5 5 136
$574,900 2,191 1 - 2.5 acres 3 2.5 35 7 5 108
$429,700 1,599 0.25 - 0.5 acre 3 2 46 3 9 80
$325,000 1,077 6,500 - 8,000 sqft 3 2 52 5 10 77