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Median home price in Jackson County rose in first half of year

 Posted: 12:20 PM July 10, 2014

The median sales price for existing homes in Jackson County rose 8.1 percent during the first half of 2014, compared with the same period in 2013.

Southern Oregon Multiple Listing Service today reported the median sales price for single-family residences through June 30 was $200,000, up from $185,000 in 2013.

Twelve of 13 market areas showed gains and eight regions — Phoenix, Jacksonville, west Medford, southwest Medford, White City, Eagle Point, Shady Cove, and Gold Hill/Rogue River — had double-digit median gains over the first half of 2013. Only Talent showed a decline and it was a matter of $250, or 1.6 percent, on 37 sales during the period.

SOMLS reported 929 existing home sales during the first six months, down , 3 percent from 958 in 2013.

The median price for normal sales declined to $210,000 from $215,000 during the period, while medians for bank-owned and short sales increased. The median for foreclosures sold by banks jumped to $146,000 from $125,0000 and the median for short sales grew to $149,750 from $131,000.

— Greg Stiles

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