In Pendleton, buyers are seeing more options than last year, with 74 homes on the market and inventory up about 51 percent year over year. New listing activity is steady, with 23 homes recently added and no major change from last year. Contract flow is modest, as 18 pending sales indicate that homes are moving but not rapidly.
Pricing is adjusting to this changing balance between supply and demand. The typical home value is about $239,000, down roughly 4 percent from a year ago and almost 10 percent from the prior month, while the median list price has moved to $249,900 after a month-over-month drop of about 17 percent.
Homes are taking longer to sell overall, with a median of 136 days on market, which is still more than 50 percent higher than a year earlier despite an 11 percent monthly improvement. Sellers hold a slight edge with a seller’s market gauge of 41, yet only about 18 percent of homes are selling above list, and the average sale-to-list ratio sits just under 0.99. Compared with Anderson County’s typical value of $290,000 and similar softening there, Pendleton is relatively more affordable, and both buyers and sellers can turn to Agent Pronto to connect with an agent who understands these conditions and can guide their next move.
