Interactive area Reporting

Wheeler, OR 97147

Single-Family Homes

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

Wheeler, OR 97147

Mon May 11 2026
This week the median list price for Wheeler, OR 97147 is $649,000 with the market action index hovering around 29. This is an increase over last month's market action index of 25. Inventory has increased to 3. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Wheeler, OR 97147

Mon May 11 2026
This week the median list price for Wheeler, OR 97147 is $649,000 with the market action index hovering around 29. This is an increase over last month's market action index of 25. Inventory has increased to 3. 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 Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Wheeler market.
Median List Price $649,000
Median Price of New Listings $649,000
Per Square Foot $467
Average Days on Market 40
Median Days on Market 42
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 29
Slight Buyer's Advantage

This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money.

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
$1,000,000 1,887 0.5 - 1 acre 3 2 53 0 0 42
$649,000 2,498 6,500 - 8,000 sqft 3 2.5 17 1 0 0
$299,000 639 4,500 - 6,500 sqft 2 1 3 0 0 77
$0 0 - NaN 0 NaN 0 0 NaN