Oregon started 2024 with a total of 6,975 single-family homes on the market, with a median home price of $589,000 and an average price per square foot of $355.54. By the end of the year, inventory had increased to 8,517 homes on the market (+22%), with a median home price of $599,000 (+2%), and an average price per square foot of $349 (-2%).
At the start of 2024, the median days on market (DOM) was 84 days – by the end of the year, median DOM had increased to 91 days.
Oregon started the year with 33.13% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 37.20% of homes for sale had taken a price cut.
