Medford Housing Market Report December 2024•Jackson County, Oregon

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Housing Prices in Medford, OR

How much do homes in Medford, OR cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$484,500$238/SqFt
+$19,500
+4.2%

Based on all homes listed in December 2024

Insight

The list price of homes in Medford has increased by 4.2% since November.

Summary: The median home list price in Medford was $484,500 in December 2024, up 4.2% from the previous month, and the median price per square foot was $238.

Median List Price By City

Median List Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Central Point
+15.7%
Medford
+4.2%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2$259K$259K
0.0%
3$455K$460K
+1.1%
4$762K$762K
0.0%
5$750K$750K
0.0%

Summary: Medford housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +1.1%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Medford, OR

How many homes are available in Medford, OR?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
22Last MonthDec 2024
232 months agoNov 2024
-4.3 %
Change MoMNov – Dec

Summary: The Medford real estate market had 22 homes for sale in Dec 2024, a 4.3 % decrease compared to Nov 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
233
0.0%
31312
-7.7%
444
0.0%
533
0.0%

Summary: Medford housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -7.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Medford, OR cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Medford, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Medford in December 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and and 33% were sold over asking.

Days on Market for Medford, OR

How long does it take to sell a home in Medford, OR?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days3 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Medford has remained consistent over time.

Summary: During December 2024, 3 homes were sold in Medford; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
131 DaysLast MonthDec 2024
110 Days1 month agoNov 2024
+19.1 %
Change MoMNov – Dec

Summary: Homes in Medford had an average listing age of 131 days in Dec 2024, up by 19.1% compared to the previous month.

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Newest Listings in Medford, OR

What homes are available in Medford, OR?

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MLS Disclaimers and Copyright

Based on information from Regional Multiple Listing Service, for the period 11/01/2024 - 01/01/2025

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.