Marion County home prices dip, while Polk County prices rise
A typical Marion County home listed for $492,496 in September, down 1.3% from the previous month’s $499,125, an analysis of data from Realtor.com shows.
The median list home price in September was up about 11.3% from September 2021. Marion County’s median home was 1,906 square feet for a listed price of $276 per square foot.
The Marion County market was busy, with a median 44 days on market. A month earlier, homes had a median 34 days on market. The market added 502 new home listings in September, compared with the 586 added in September 2021. The market ended the month with some 652 listings of homes for sale.
The median home prices issued by Realtor.com may exclude much, or even most, of a market’s homes. The price and volume represent only homes that are single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.
Polk County home prices rise 0.2% to $499,949
Polk County’s home prices rose 0.2%, to a median $499,949, from a month earlier. The typical house was on the market for 55 days, from 46 days a month earlier. The typical 1,879-square-foot house had a list price of $275 per square foot.
Across metro Salem, median home prices fell to $496,996, down 0.4% from a month earlier. The median home had 1,898 square feet, at a list price of $276 per square foot.
Across all of Oregon, median home prices were $549,995, falling 0.4% from a month earlier. The median Oregon home for sale had 1,872 square feet at list price of $302 per square foot.
Across the United States, median home prices were $427,250, down 1.3% from a month earlier. The median American home for sale had 1,875 square feet, listed at $220 per square foot.
The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database. The story was written by Mike Stucka and Sean Lahman.