by Corey Davis

Wheeler, OR 97147

Single-Family Homes


Current active inventory in Wheeler, OR 97147 is very low. Keep this in mind when looking at this report.

Wheeler, OR 97147

Thu Sep 19 2024
This week the median list price for Wheeler, OR 97147 is $539,000 with the market action index hovering around 31. This is less than last month's market action index of 42. Inventory has decreased to 1. Click here to stay informed with the Wheeler market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Wheeler, OR 97147

Thu Sep 19 2024
This week the median list price for Wheeler, OR 97147 is $539,000 with the market action index hovering around 31. This is less than last month's market action index of 42. Inventory has decreased to 1. Click here to stay informed with the Wheeler market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Wheeler market.
Median List Price $539,000
Median Price of New Listings $0
Per Square Foot $365
Average Days on Market 84
Median Days on Market 84
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 31
Slight Seller's Advantage

The value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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
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$539,000 1,475 6,500 - 8,000 sqft 2 2 61 0 0 84