Prineville, OR metro area Housing Market
Cold MarketComprehensive housing market data for the Prineville, 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
$475K
↑ 7.9% YoY
Days on Market
111 days
↑ 4.7% YoY
Active Inventory
173
↑ 15.3% YoY
Homes Sold
33
↑ 17.9% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Prineville, OR metro area Market Summary
The Prineville, OR metro area housing market is cooling down. As of March 2026, the median home sale price is $475K, up 7.9% year-over-year. Homes are spending a median of 111 days on the market, 4.7% longer than a year ago.
There are 173 homes for sale — 15.3% more than last year. With 5.2 months of supply, this is a balanced market. 65 new listings were added during this period, up 1.6% year-over-year.
Homes are selling for 98.8% of their list price on average, suggesting room for negotiation. 21.2% of homes sell above their asking price. 31.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
78
Contributing Factors
How This Market Compares
vs. National Median
vs. Oregon Median
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.
Prineville, OR metro area Market Trends
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Detailed Market Metrics
Median List Price
$525K
Price per Sq Ft
$306
Sale-to-List Ratio
98.8%
Months of Supply
5.2
Sold Above List
21.2%
Price Drops
31.8%
New Listings
65
↑ 1.6% YoY
Pending Sales
46
Off Market in 2 Weeks
39.1%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.