Coos Bay, Oregon Housing Market

How much can you negotiate in Coos Bay?

Only 43 out of every 100 homes for sale have found a buyer. The other 57 are still waiting. Your offer may be the only one on the table. About 1 in 5 sellers has already dropped their price. Each one has learned their first price was too high. Start below their new price, not their old one.

A typical Coos Bay home takes 64 days to find a buyer. Half of them take even longer. That is 31% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 90+ days ago. There are 102 homes for sale in Coos Bay. That is 3.9 times the tightest month on record, but below the peak of 154. Supply is growing against last year.

What to do about it

• Search Coos Bay homes listed 90+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

Is now a good time to buy in Coos Bay?

Asking prices are at their highest point on record. You are buying at the top. Underwrite it that way. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Coos Bay prices have risen in 84 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

Who will rent from you in Coos Bay?

In Coos Bay, 33 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 36 in 100. Renter households average 2.1 people. Singles and couples rent here. Two bedrooms beat four.

Households grew 4% in five years. The housing stock grew 1%. Demand is outrunning supply. 7.2% of homes sit empty. That is normal for a healthy market.

The median Coos Bay household earns $61,574 a year. Incomes here have grown 4.3% a year since 2019. Incomes and home prices are rising in step. A typical home costs 6.9 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $1,539 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Coos Bay deal with?

• Price growth to assume — +4.7%/yr. Coos Bay has grown about 4.7% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices rose 6.6% over the last year. That is a timing signal, not a trend.
• Months of carrying cost — 3. A typical home takes 64 days to sell. Budget that long when you exit or refinance. It is 31% slower than a year ago.
• Odds you cut your price to sell — 1 in 5. About 22% of homes on the Coos Bay market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $257/sqft. The average listing runs +21% above the median. Luxury homes skew it. Comp your own size class per sqft.
• Competition when you exit — +21%. That is how much the number of homes for sale grew in a year. Your resale will face a bigger crowd than today's comps did.
• Price-to-income ratio — 6.9×. A typical home costs 6.9 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. Incomes and home prices are rising in step.
• Tenant rent ceiling — $1,539/mo. 30% of the median household income of $61,574. Rents above this line shrink your tenant pool fast.

Is Coos Bay a buyer's or seller's market in 2026?

Yes, if you negotiate. Buyers have the upper hand in Coos Bay right now. 43 out of every 100 homes for sale have a buyer, 22% of sellers have cut their price, and a typical home takes 64 days to sell.

Are Coos Bay home prices going up or down?

Asking prices are at their highest point on record. You are buying at the top. Underwrite it that way. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

What price growth should I assume for Coos Bay?

Assume +4.7% a year. Coos Bay has grown about 4.7% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices rose 6.6% over the last year. That is a timing signal, not a trend.

How fast are homes selling in Coos Bay?

A typical Coos Bay home takes 64 days to find a buyer. Half of them take even longer. That is 31% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 90+ days ago.

Is Coos Bay a renters' market or an owners' market?

In Coos Bay, 33 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 36 in 100. 7.2% of homes sit empty. That is normal for a healthy market.

What rent can Coos Bay tenants afford?

A tenant on the median income can pay about $1,539 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Coos Bay household earns $61,574 a year.