Enjoy Bend Life Real Estate | Stellar Realty

Prineville, OR 97754

Single-Family Homes

Reed Melton | www.EnjoyBendLife.com | 541-408-6625 | Reed@EnjoyBendLife.com



Prineville, OR 97754

Tue Sep 28 2021
This week the median list price for Prineville, OR 97754 is $489,500 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has increased to 59. Click here to stay informed with the Prineville market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Prineville, OR 97754

Tue Sep 28 2021
This week the median list price for Prineville, OR 97754 is $489,500 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has increased to 59. Click here to stay informed with the Prineville market!

Market Action Index

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

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Prineville market.
Median List Price $489,500
Median Price of New Listings $422,000
Per Square Foot $292
Average Days on Market 62
Median Days on Market 28
Price Decreased 44%
Price Increased 2%
Relisted 15%
Inventory 59
Median Rent
Market Action 51
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,175,000 2,832 10 - 20 acres 3 2 23 0 2 66
$655,000 2,100 1 - 2.5 acres 3 2 21 2 0 28
$420,000 1,796 6,500 - 8,000 sqft 3 2 18 3 1 21
$315,000 1,092 6,500 - 8,000 sqft 3 1 68 1 3 14