Prospect, OR Foreclosures
How much do homes sell for in Prospect, OR?
The average home price is currently $311,291.
What’s the average rental cost in Prospect, OR?
The average rental price in Prospect is $1,107.
What is the most expensive home in Prospect?
The most expensive home sold in Prospect had a price of $2,665,732.
What is currently the cheapest priced home in Prospect, OR?
The cheapest home for sale in Prospect is priced at $30,650.
Living in Prospect, OR
Prospect, Oregon is a quaint and picturesque town surrounded by nature's splendor. With outdoor activities aplenty, such as hiking and fishing, residents enjoy a peaceful and community-oriented lifestyle. The town's rich history and welcoming atmosphere provide a perfect backdrop for families and outdoor enthusiasts alike.
Current Market Conditions in Prospect, OR
The real estate market in Prospect, OR has seen a steady increase in home values over the past year. The scenic beauty and outdoor access have turned the town into an attractive location for buyers looking for vacation homes or permanent residences. Home sales have risen, leading to a competitive market, especially in the warmer months.
Rental properties are also in demand, fueled by interest from tourists and seasonal visitors drawn to the area's outdoor activities. With limited inventory, houses are often selling within a few weeks, and bidding wars are becoming more common. Investors looking into rental opportunities may find attractive returns due to high demand from visitors.
Home Value Estimator For Prospect, OR
There are currently 615 real estate properties
in Prospect, OR,
with a median automated valuation model (AVM) price
of $266,080.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Prospect, 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 Prospect, OR,
is $311,291.00, with the most expensive house
in Prospect, OR, topping out
at $2,665,732.00 and the cheapest home
in Prospect, OR,
clocking in at $30,650.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Prospect, OR!
Rent Prices
In Prospect, OR
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Prospect, OR, is on
a rollercoaster ride. The
average rent price in Prospect, OR,
is $1,107.00. Indeed, when looking to rent in
Prospect, OR, you can expect to pay as little
as $600.00 or as much
as $2,600.00,
with the average rent median estimated to
be $1,070.00. The good news is that finding
an affordable and desirable property to rent in Prospect, 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.
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