Garibaldi, OR 97118

by Corey Davis

Garibaldi, OR 97118

Single-Family Homes

Thu May 15 2025
This week the median list price for Garibaldi, OR 97118 is $559,950 with the market action index hovering around 26. This is less than last month's market action index of 29. Inventory has held steady at or around 10. Click here to stay informed with the Garibaldi market!

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

Slight Buyer's Advantage

The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It's a Buyer's market and prices continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Median List Price		$559,950
Median Price of New Listings		$675,000
Per Square Foot		$323
Average Days on Market		314
Median Days on Market		242
Price Decreased		60%
Price Increased		0%
Relisted		0%
Inventory		10
Median Rent
Market Action		26
Slight Buyer's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,187,500	2,722	0.25 - 0.5 acre	3	2.3	37	1	0	633
$636,499	2,737	0.5 - 1 acre	3	3.3	38	0	0	385
$529,900	1,592	4,500 - 6,500 sqft	3	2	55	0	0	196
$425,000	1,242	6,500 - 8,000 sqft	3	2	100	0	1	266

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,187,500	2,722	0.25 - 0.5 acre	3	2.3	37	1	0	633
$636,499	2,737	0.5 - 1 acre	3	3.3	38	0	0	385
$529,900	1,592	4,500 - 6,500 sqft	3	2	55	0	0	196
$425,000	1,242	6,500 - 8,000 sqft	3	2	100	0	1	266

Median Price	Top $1,187,500	Upper $636,499	Lower $529,900	Bottom $425,000
Sq. Ft.	2,722	2,737	1,592	1,242
Lot Size	0.25 - 0.5 acre	0.5 - 1 acre	4,500 - 6,500 sqft	6,500 - 8,000 sqft
Beds	3	3	3	3
Baths	2.3	3.3	2	2
Age	37	38	55	100
New	1	0	0	0
Absorbed	0	0	0	1
DOM	633	385	196	266

by Corey Davis