Real Estate Analysis and Commentary

Top 10 Metros With Highest Home Price Forecast for 2024
November 6th, 2023 2:46 PM

Ontario, OR

Located in the state of Oregon, Ontario is a metro area with a promising housing market. According to Zillow's forecast, home prices in Ontario are expected to grow from 0.1% in October 2023 to a significant 5.8% by September 2024. This indicates a positive trend in the real estate market, making it an attractive location for both buyers and sellers.

Klamath Falls, OR

Klamath Falls, another Oregon metro, shows a healthy outlook in terms of housing market growth. Home prices are projected to increase from 0.4% in October 2023 to 3.6% by September 2024. This suggests a steady demand for homes in the area and potential opportunities for real estate investors.

Newport, OR

Newport, Oregon, is a metro area where home prices are expected to see growth. Zillow's forecast indicates a rise from 0.1% in October 2023 to 3.3% by September 2024. This indicates a positive trajectory for the Newport housing market and may attract those looking for property investment opportunities.

Bend, OR

The metro area of Bend, Oregon, presents an appealing real estate landscape. Zillow predicts that home prices in Bend will increase from 0.5% in October 2023 to 2.9% by September 2024. This suggests a stable and potentially profitable market for both buyers and sellers in Bend.

Hermiston, OR

Hermiston, Oregon, is another metro area to watch. While it shows a slight decline of -0.1% in October 2023, Zillow's forecast indicates a potential rebound with a 2.5% increase in home prices by September 2024. This means that Hermiston may offer opportunities for those interested in real estate in the coming year.

Coos Bay, OR

Coos Bay, Oregon, is a metro area showing a stable housing market. As of September 30, 2023, home prices remained unchanged, and Zillow's forecast predicts a modest increase of 0.1% by September 2024. This indicates a balanced and potentially favorable real estate market in Coos Bay.

Astoria, OR

Astoria, another Oregon metro, experienced a slight decline in home prices with a -0.2% change as of September 30, 2023. However, the forecast suggests that Astoria will see a stabilization with a -0.2% change in home prices by September 2024. While it's not experiencing significant growth, it may provide opportunities for those seeking a more affordable market.

Roseburg, OR

Roseburg, Oregon, presents a more positive picture in terms of housing market growth. Home prices increased by 0.2% as of September 30, 2023, and Zillow's forecast predicts a further rise of 0.4% by September 2024. This indicates a potentially healthy real estate market in Roseburg.

The Dalles, OR

The Dalles, Oregon, is showing stability in its housing market. Home prices remained unchanged as of September 30, 2023, and the forecast predicts a growth of 0.3% by September 2024. This suggests that The Dalles is maintaining its market strength and may offer opportunities for real estate investments.

Prineville, OR

Prineville, Oregon, experienced a slight decline of -0.1% in home prices as of September 30, 2023. The forecast indicates a stabilization with a -0.2% change in home prices by September 2024. While it's not a robust growth, Prineville remains a steady market that may attract buyers seeking more affordable options.

It's important to remember that these are forecasts and actual market conditions may vary. Prospective buyers and investors should closely monitor these metro areas to make informed decisions regarding Oregon's real estate market.


Posted by Bob Peterson on November 6th, 2023 2:46 PMPost a Comment

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