Brookings, OR metro area Housing Market

Cold Market

Comprehensive housing market data for the Brookings, OR metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.

Data period: March 2026

Median Sale Price

$596K

11.1% YoY

Days on Market

129 days

180.4% YoY

Active Inventory

179

35.6% YoY

Homes Sold

21

12.5% YoY

Cold Market

Inventory is high and homes are sitting longer — a buyer's market.

Brookings, OR metro area Market Summary

The Brookings, OR metro area housing market is cooling down. As of March 2026, the median home sale price is $596K, down 11.1% year-over-year. Homes are spending a median of 129 days on the market, 180.4% longer than a year ago.

There are 179 homes for sale — 35.6% more than last year. With 8.5 months of supply, this is a buyer's market. 56 new listings were added during this period, up 27.3% year-over-year.

Homes are selling for 95.7% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 20.1% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

88

Contributing Factors

Months of Supply 8.5
Days on Market 129
Price Drops 20.1%
Sale-to-List Ratio 95.7%
Market Temperature Cold

How This Market Compares

vs. National Median

Median Price (National: $437K) 36.4%
Days on Market (National: 55) 134.5%
Inventory (National: 1,314,690) 100.0%

vs. Oregon Median

Median Price (Oregon: $508K) 17.3%
Days on Market (Oregon: 46) 180.4%

Investor Takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 36% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.

Brookings, OR metro area Market Trends

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Detailed Market Metrics

Median List Price

$512K

Price per Sq Ft

$359

Sale-to-List Ratio

95.7%

Months of Supply

8.5

Sold Above List

0.0%

Price Drops

20.1%

New Listings

56

27.3% YoY

Pending Sales

26

Off Market in 2 Weeks

19.2%

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.