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Short Sale Listings in Hermiston, OR

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Hermiston, OR Foreclosures

How much do homes sell for in Hermiston, OR?
The average home price is currently $334,204.
In Hermiston, OR, how many homes are available?
There are currently 9 active home listings available in Hermiston.
What’s the average rental cost in Hermiston, OR?
The average rental price in Hermiston is $1,133.
What is the most expensive home in Hermiston?
The most expensive home sold in Hermiston had a price of $11,618,247.
What is currently the cheapest priced home in Hermiston, OR?
The cheapest home for sale in Hermiston is priced at $14,088.

Living in Hermiston, OR

Hermiston, located in Umatilla County, Oregon, offers a friendly community atmosphere with a mix of urban conveniences and rural charm. The city is known for its popular festivals, outdoor parks, and family-oriented lifestyle. It's well connected by major highways, making it an ideal location for both families and commuters.

Current Market Conditions in Hermiston, OR

The Hermiston real estate market is currently experiencing steady growth due to increased demand for housing in this region. With a healthy balance between supply and demand, prices have seen modest increases over the past year as more people recognize the city's advantages, including affordable housing and community amenities.

Investors are drawn to Hermiston due to its expanding employment opportunities and infrastructure development, including new businesses and schools. The influx of new residents has created a competitive market that affects inventory levels, particularly in family-sized homes. Going forward, continued interest is expected as more people look for homes in this charming Oregon town.

Home Value Estimator For Hermiston, OR

There are currently 9,806 real estate properties in Hermiston, OR, with a median automated valuation model (AVM) price of $297,662.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hermiston, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Hermiston, OR, is $334,204.00, with the most expensive house in Hermiston, OR, topping out at $11,618,247.00 and the cheapest home in Hermiston, OR, clocking in at $14,088.00. In other words, there’s something for every potential homebuyer or savvy investor in Hermiston, OR!

Rent Prices In Hermiston, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hermiston, OR, is on a rollercoaster ride. The average rent price in Hermiston, OR, is $1,133.00. Indeed, when looking to rent in Hermiston, OR, you can expect to pay as little as $580.00 or as much as $3,160.00, with the average rent median estimated to be $1,100.00. The good news is that finding an affordable and desirable property to rent in Hermiston, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Hermiston, OR Short Sale Listings


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