Ellie George's Market Report

Medford, OR 97501

Single-Family Homes

Principal Broker/Owner #200502069 | Email: ellie@hqoregon.com | 541-601-9582



Medford, OR 97501

Thu Feb 29 2024
This week the median list price for Medford, OR 97501 is $392,500 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has decreased to 50. Click here to stay informed with the Medford market!

Market Action Index

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Medford, OR 97501

Thu Feb 29 2024
This week the median list price for Medford, OR 97501 is $392,500 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has decreased to 50. Click here to stay informed with the Medford market!

Market Action Index

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Medford market.
Median List Price $392,500
Median Price of New Listings $435,000
Per Square Foot $262
Average Days on Market 113
Median Days on Market 77
Price Decreased 42%
Price Increased 0%
Relisted 8%
Inventory 50
Median Rent
Market Action 42
Slight Seller's Advantage

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
$1,022,500 3,446 2.5 - 5 acres 4 3.3 45 2 1 143
$435,000 1,725 4,500 - 6,500 sqft 3 2 22 3 2 31
$379,000 1,441 6,500 - 8,000 sqft 3 2 47 2 1 126
$279,900 1,176 4,500 - 6,500 sqft 2 1 81 0 3 77