Southern Oregon Market Stats

June 1st, 2021- August 31st, 2021

 

By Jake Rockwell

Can you believe that just 5 short years ago that homes were selling in Medford and the surrounding areas for under $200 thousand? White City specifically had a median home sales price $174,000, its now selling for $310,000 median price with an 80% increase in that short time frame of 5 years. Comparatively, in that same time frame Gold Hill & Rogue River has jumped from $180,000 to $360,000 up by 100%! Additionally, the Year to Date average of the Absorption Rate has increased to 2.53 from just 1.34 at this same time last year, which ultimately means that the lack of inventory is starting to slowly pick back up! While days on Market in Josephine county is still comparatively lower than many years past, its continuing to decrease, going from  26 CDOM (cumulative days on market) to 7 CDOM.

Key Take-Aways:

    • Average Days on Market Josephine County Urban Home Sales went from 41 in 2020 to 19 in 2021
    • Average Days on Market Jackson County Urban Home Sales went from 43 in 2020 to 18 in 2021
    • Jackson County jumped in number of sales from 694 in 2020 to 825 in 2021
    • Josephine County jumped in number of sales from 169 in 2020 to 191 in 2021

Links to Stats:

 

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