Rockaway Oregon Real Estate Market Report

Rockaway, OR 97136

Tuesday July 11 2023

This week the median list price for Rockaway Beach, OR 97136 is $544,450 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 16.

Market Action Index

This answers "How's the Market?" by comparing the rate of sales versus inventory.

Market Action Index
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The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Median List Price

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

Price Per Square Foot

This is a market where watching the value metrics (like price per square foot) can provide insight that you don't get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money.

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Median Days on Market (DOM)
The properties have been on the market for an average of 153 days. Half of the listings have come newly on the market in the past 23 or so days. Watch the 90-day DOM trend for signals of a changing market.

View current Rockaway, Oregon MLS listings here.