Coos Bay currently leans toward sellers, with the market gauge at 25 and labeled a Seller's Market. Homes typically sit for about 20 days, which is relatively quick for buyers watching new options. With only 2.7 months of supply and 54 active listings, buyers have limited choices and sellers hold some pricing power.
Home values are relatively high compared with nearby Coos County, with a typical home value of $337,200 in Coos Bay versus $340,500 countywide. Over the past year, typical home values in the city rose 10.56 percent, even though they dipped 3.38 percent in the most recent month, hinting at a bit of cooling after strong gains. Sellers are still testing the market, but the median list price of $309,450 is down 3.3 percent month over month, which may make some homes more approachable for buyers.
Underlying activity shows both opportunity and pressure for buyers and sellers. New listings are down 30.3 percent from last year, and inventory is 8.47 percent lower year over year, while pending sales have slipped 8.33 percent, suggesting slightly slower demand alongside tight supply. About 35 percent of listings saw a price drop and roughly 20 percent of homes recently sold above list price, reflecting some room for negotiation but also competition for the most appealing properties. With projected typical values around $331,300 next month and inventory expected near 52 homes, both buyers and sellers can benefit from Agent Pronto’s help in finding a local agent who understands these conditions.
