Estacada, OR Housing 12-09-13

Properties for sale in Estacada, Oregon have a median asking price of $263,690 for the week of December 9th, 2013. Average days on market is increasing while the home’s price per square foot is decreasing. Note that rural properties with large lots or acreage featuring shops, barns and other outbuildings can often skew the home’s price per square foot if used as the only metric. The real estate season is winding down so some slowing may be due to seasonal factors in addition to pricing pressure from competing listings.

Estacada, OR Housing By Quartile

Top tier residential listings in Estacada’s 97023 zip code median price is $574,450 with a 3152 sq ft home sitting on 10-20 acres. Second upper tier properties are in the median of 350,000 with living space of 2,000 sq ft and feature 5-10 acre lots. The two lowest tier residential properties sit on suburban sized lots and fetch a median of $182,000-239,000 depending on size, condition and location. Acreage and room for horses, livestock in addition to a larger home are the key defining factors for the upper tier listings from more entry-level offerings.