La Grande Oregon Real Estate Market January 2014
This is the current real estate market report for La Grande Oregon, January 2014. Currently the median house size is about 2000 ft.² with a median list price of $180,000. There are currently 126 homes for sale and 39 have recently sold.
Overall the majority of residences with in La Grande are two and three-bedroom floor plans built between 1950 and 1989. About 9% of the homes were built after 1990 and 37% were built before 1950.
According to Trulia.com the average listing price is $220,000 and they are median sales price is $143,000 which is up 12.4% over last year at this time. Of the homes for sale less than 10 are foreclosures or bank owned homes which shows a steady growth of the Oregon market. [Source of Chart]
The average price per square foot is currently at $114. According to real estate.com the median list price is $182,000 with a median days on market at 165. They've listed 10.8% of the listings as distressed, foreclosures or short sales.
It's important to know the difference between list price and sold price. The median list price may be $182,000 but the median sold price is typically far below that.
Property ownership in La Grande stands at 50% owner occupied residences with 42.9% rented and 6.7% vacant properties. The percent of rental properties in La Grande is 23.7% above the national average, which is typical for urban areas. The percent of owner occupied properties is 12.75% below the national average and unoccupied properties is very low at -8.14% below the national average.