Market report
Wheeler Real Estate Market Report
Wheeler home sales, in perspective
Wheeler calls for more restraint than almost any other market in this group. With only a few dozen recorded single-family sales across the years shown below, one unusual property or a handful of transactions can move a yearly median significantly. The more useful observation is structural: Wheeler is a low-volume market with considerable property-to-property variation, and recent years have generally involved longer marketing periods and more negotiation than the fast-moving market of 2021. The figures below carry the current record; read them with the sale count beside each one.
The local geography reinforces that caution. Downtown Wheeler sits close to the commercial core and Nehalem Bay; the Waterfront has a direct relationship with the bay; and Upper Wheeler climbs above town, where elevation brings very different view and privacy characteristics. With so few transactions a year, the mix among those settings can change a year's statistics on its own. The live record below is therefore more informative than any stand-alone annual median, particularly when the date controls are used to inspect the individual sales behind the summary.
36 recorded single-family sales since October 27, 2020
Narrow the years
2020–2026 · 36 sales
Sales by price
2020–2026. Price ranges stay the same whatever years you choose, so you can compare one period with another.
| Price | Sales | Median market time |
|---|---|---|
| $600k+ | 4 | 46 days · 4 sales |
| $500–599k | 10 | 14 days · 10 sales |
| $400–499k | 8 | 45 days · 8 sales |
| $300–399k | 11 | 66 days · 11 sales |
| $200–299k | 3 | 57 days · 3 sales |
What sellers got
In Wheeler, 2020–2026
- Median sold price
- $456,37536 sales
- Median original list price
- $479,00036 sales
- Median gap to list price
- −3.0%36 sales
- Sold at or above list price
- 33%12 of 36
- Median market time
- 33 days36 sales
- Cash sales
- 28%10 of 36 with financing recorded
How this is calculated
Every figure on this page is computed from recorded RMLS sales inside the Wheeler boundary. 36 sales since October 27, 2020. No estimates, no models.
- Single-family homes only — condominiums, land and commercial sales are excluded.
- Individual sales are shown by price and date. No property is identified by address.
- Market time prefers the cumulative figure, which survives a relisting, and falls back to days on market where RMLS records no cumulative one. The number of sales behind each median is shown beside it.
- “Sold at or above list price” compares the closing price with the price the listing opened at. A seller may hold their list price and accept a lower offer, so this measures the gap rather than a price reduction.
- “Cash sales” counts sales RMLS records as financed by cash alone, as a share of the sales where financing was recorded at all. Where RMLS records no financing the sale is left out of that figure rather than counted as not cash.
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