The housing market in Oregon has experienced a slight decline in average home values over the past year. According to Zillow, as of April 30, 2023, the average home value in Oregon is $490,682, representing a decrease of 2.3% compared to the previous year. In March 2023, 26.8% of home sales in Oregon were above the list price, while 51.7% were below the list price. These percentages indicate the level of competition in the housing market. A higher percentage of sales over the list price suggests a more competitive market with potential bidding wars, while a higher percentage of sales under the list price may indicate a more buyer-friendly market.
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