Woodburn Home Price Report

The latest regional home price report shows a sea change in Woodburn home values. According to the new Market Action report, Woodburn home prices changed by -4.6% over the past year.

Woodburn Oregon

Click image for the latest FREE Woodburn area report

Long Market Times
Perhaps more concerning than our recent dip in Woodburn home prices is how long it now takes for local homes to sell. The average market time for sold Woodburn homes is now 287 days. This compares to just a 138 day average market time for the rest of the region.

Woodburn Homes Woodburn Oregon

Regional Home Prices A Mixed Bag
House values throughout our region are mixed. For example, while Marion County prices are up 9.3% over the past year, Woodburn prices have changed -4.6%, central Salem home values are up by 25%, North Keizer prices improved by 14.4% and South Keizer home prices increased by 4.9%.

Woodburn Oregon Homes Woodburn Real Estate Woodburn Properties

Regional home price chart -Click image for full FREE report on local towns & neighborhoods

Rising Home Inventory A Factor
A recent increase in our already burgeoning regional housing backlog helps explain why the Woodburn area home sales momentum has stalled a bit.

Woodburn Oregon Homes Woodburn Oregon 97071

Click image for FREE report

At the current rate of home sales, we would not run out of homes for 8.1 months. This is a historically high level of housing inventory. As a result, Woodburn area homesellers are now competing for qualified buyers. And with more sellers than buyers, it is now a ‘buyer’s market.’

Contact The Experts
Thinking about buying or selling? Contact our WoodburnHomes.com sponsor, Certified Realty for a FREE consultation using the convenient form below. Still family owned and operated, Certified Realty remains Oregon’s choice since 1950.

This entry was posted in 97071, Woodburn Home Report, Woodburn Homes, Woodburn Housing, Woodburn Housing News, Woodburn Properties, Woodburn Real Estate, Woodburn Realty and tagged , , , , , , , , , , , . Bookmark the permalink.

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