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

Fri Jul 26 2024
This week the median list price for Wheeler, OR 97147 is $639,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 2. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Wheeler, OR 97147

Fri Jul 26 2024
This week the median list price for Wheeler, OR 97147 is $639,000 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 2. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Wheeler market.
Median List Price $639,000
Median Price of New Listings $0
Per Square Foot $364
Average Days on Market 39
Median Days on Market 39
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 2
Median Rent
Market Action 36
Slight Seller's Advantage

The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.

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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$739,000 2,029 0.25 - 0.5 acre 3 2 16 0 0 49
$539,000 1,475 6,500 - 8,000 sqft 2 2 61 0 0 28