As longer days return to the Rogue Valley and the housing market gears up for its busiest season, many buyers and sellers are asking the same question: What will the spring 2025 market look like in Southern Oregon?
Thanks to a recent report from Keeping Current Matters, we’ve got a clearer picture of the national landscape. But what does that mean for those looking to buy or sell real estate in Grants Pass, Medford, Ashland, or Jacksonville?
Let’s break it down into four key trends—and how they’re expected to play out here at home.
1. 📉 Mortgage Rates Are Still the Wild Card
Nationally, mortgage rates remain volatile, heavily influenced by economic data and decisions by the Federal Reserve. The spring market could see interest rates shift depending on inflation trends.
What this means for Southern Oregon:
Buyers in the Rogue Valley should stay alert. If rates dip closer to 6.5% or below, competition is likely to heat up quickly—especially for move-in-ready homes in areas like East Medford or downtown Grants Pass.
Tip: Get pre-approved early and talk to your lender about rate-lock options. This can give you an edge in a competitive offer scenario.
2. 🏡 Inventory Will Increase—But Slowly
While spring traditionally brings more listings, overall housing inventory remains tight. Many homeowners are still holding onto low-interest-rate mortgages and aren’t rushing to sell.
In our local market:
Expect to see more listings in places like Shady Cove, Applegate Valley, and suburban Medford—but likely not enough to satisfy demand. Rural and acreage properties will continue to be in short supply, particularly in lifestyle-driven areas like Jacksonville or Williams.
Sellers, take note: With fewer listings overall, your home has a better chance of standing out—especially if it's priced right and presented well.
3. 📈 Home Prices Will Keep Climbing (Modestly)
Despite higher borrowing costs, prices are still expected to rise modestly in 2025 due to the ongoing inventory crunch. This isn't a bubble—just the continued effect of too few homes for too many buyers.
Southern Oregon’s pricing trends:
Home values in Grants Pass and Ashland have held firm and are expected to continue their slow, steady appreciation. Median home prices may tick upward by 3–5% this year, depending on neighborhood and condition.
Thinking of buying? Waiting likely won’t bring better prices—but it could cost you more in the long run if rates and prices both rise.
4. 🔄 Spring Activity Will Pick Up
Spring is always the most active season for real estate, and 2025 is no exception. Buyers who paused their search over winter are re-entering the market, and sellers are prepping for showings and open houses.
Locally:
Expect increased showings and multiple offer situations, especially for updated homes in top school districts like North Medford or Hidden Valley. If you’re listing a home this spring, professional photos, staging, and exposure through platforms like Zillow Showcase will make a major difference.
Southern Oregon Spring Real Estate Tips
Whether you’re on the fence or ready to make a move, here’s how to position yourself this spring:
🔑 For Buyers:
Get pre-approved and know your monthly budget with current rates.
Work with a local agent who knows neighborhood trends and seller motivations.
Move quickly when you find “the one”—homes are still moving fast in hot zones.
🏡 For Sellers:
Price your home based on perceived market value—not just comps.
Consider upgrades that bring ROI: fresh paint, landscaping, or minor kitchen updates.
Leverage marketing tools like Zillow Showcase, social media campaigns, and open houses to draw in serious buyers.
Final Thoughts
Spring 2025 brings opportunity—but also challenges. In Southern Oregon, where housing remains in demand and supply stays limited, both buyers and sellers need a clear strategy to succeed.
Whether you're looking to upsize, downsize, or invest, now is the time to act with confidence.
Let’s Talk Strategy
📞 Contact Michael O’Coyne at 541.291.5864 or visit ocoyneproperties.com to schedule your free buyer consultation or listing evaluation.
Let’s make your Southern Oregon home journey a success this spring.