La Grande Oregon Real Estate Market January 2014
buying a home in la grande Oregon
buying a home in la grande Oregon

La Grande Real Estate Market

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.

La Grande real estate market

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.

To find out what your La Grande property, home or land is worth give me a call today. We pull from a variety of sources and current listings to find the right price for your property.

 

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buying a home in la grande Oregon