First American Market Report
Dorena, OR
Single-Family Homes
First American Title Company | www.firstam.com
Dorena, OR
Sat Dec 21 2024
This week the median list price for Dorena, OR is $254,950 with the market action index hovering around 28. This is an increase over last month's market action index of 26. Inventory has increased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $254,950 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $219 | |
| Average Days on Market | 156 | |
| Median Days on Market | 172 | |
| Price Decreased | 83% | |
| Price Increased | 17% | |
| Relisted | 17% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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 |
|---|---|---|---|---|---|---|---|---|
| $550,000 | 896 | 0.5 - 1 acre | 2 | 1 | 84 | 0 | 0 | 133 |
| $425,000 | 1,404 | 0.5 - 1 acre | 3 | 2 | 25 | 0 | 1 | 224 |
| $254,950 | 985 | 0.5 - 1 acre | 2 | 1 | 84 | 0 | 0 | 119 |
| $106,950 | 1,166 | 0.5 - 1 acre | 2 | 1 | 86 | 0 | 0 | 171 |