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

Thu Sep 21 2023
This week the median list price for Grants Pass, OR is $521,950 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has increased to 214. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Grants Pass, OR

Thu Sep 21 2023
This week the median list price for Grants Pass, OR is $521,950 with the market action index hovering around 37. This is less than last month's market action index of 40. Inventory has increased to 214. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Grants Pass market.
Median List Price $521,950
Median Price of New Listings $547,950
Per Square Foot $272
Average Days on Market 84
Median Days on Market 56
Price Decreased 48%
Price Increased 1%
Relisted 7%
Inventory 214
Median Rent
Market Action 37
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
$988,000 3,187 5 - 10 acres 4 3 27 8 0 56
$599,999 2,200 1 - 2.5 acres 3 2.5 31 6 3 77
$457,000 1,816 0.25 - 0.5 acre 3 2 42 6 3 56
$357,000 1,340 8,000 - 10,000 sqft 3 2 60 6 7 49