Market Conditions

Monmouth Oregon home prices

The home truth snippet: Monmouth end of year 2015

  • Median home prices up 5.4%
  • Home sales down 1.9%
  • Days on the market is down 11.9% to 89 days
  • Current inventory is 7.9 months
  • Market favors: Buyers

Monmouth is the only current market in the Salem metro area that is in a buyers market.  Home prices are higher in Monmouth compared to Independence and this higher costs and caused homes to stagnate a bit on the market.