by Corey Davis
Garibaldi, OR 97118
Single-Family Homes
Garibaldi, OR 97118
Sat Mar 29 2025
This week the median list price for Garibaldi, OR 97118 is $469,000 with the market action index hovering around 30. This is less than last month's market action index of 33. Inventory has increased to 11.
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 in recent weeks. Since this is a Buyer’s market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $469,000 | |
| Median Price of New Listings | $469,000 | |
| Per Square Foot | $255 | |
| Average Days on Market | 262 | |
| Median Days on Market | 168 | |
| Price Decreased | 45% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 11 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in 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 |
|---|---|---|---|---|---|---|---|---|
| $1,174,000 | 3,307 | 8,000 - 10,000 sqft | 4 | 3 | 29 | 0 | 0 | 693 |
| $529,900 | 1,740 | 6,500 - 8,000 sqft | 3 | 2 | 55 | 1 | 0 | 252 |
| $459,000 | 1,109 | 4,500 - 6,500 sqft | 3 | 2 | 95 | 2 | 0 | 0 |
| $224,900 | 1,632 | 6,500 - 8,000 sqft | 2 | 2 | 100 | 0 | 0 | 217 |