Is Cave Junction, OR 97523 a buyer’s or seller’s market?
Cave Junction is a buyer’s market. With about 6.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 2% of U.S. ZIP codes, and #167 of 170 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Cave Junction housing market right now
In the three months ending August 31, 2026, 0% of homes in Cave Junction, OR 97523 sold above their list price, the typical home went under contract in 74 days and there were 6.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 22 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 9%, homes sold faster (90 days then) and the median sale price rose 2% to $319,862. Overall, Cave Junction is less competitive than a year ago, which gives buyers more room.
Within Josephine County, homes here sell faster than in 63% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Cave Junction ranks #167 of 170 OR ZIP codes with enough sales (score 7 out of 100).
Nearby, Wilderville 97543 (33% sold over asking) and Grants Pass 97526 (16% sold over asking) are even more competitive.
Run the numbers for 97523
Nearby markets
Grants Pass 97526Balanced $251 /sq ftGrants Pass 97527Balanced $264 /sq ftKerby 97531Buyer’s market $255 /sq ftMerlin 97532Balanced $281 /sq ft Browse all markets →Towns like Cave Junction nearby
Find towns like Cave Junction in other states →Where Cave Junction is
Loading map…
Questions about Cave Junction real estate
Is Cave Junction a buyer’s or seller’s market?
A buyer’s market: there were 6.7 months of supply in Cave Junction, OR 97523 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Cave Junction?
The typical home went under contract in 74 days in the latest three months.
Do homes in Cave Junction sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.0% of the list price.
What are property taxes in Cave Junction?
About 0.52% of a home’s value a year in Josephine County, or roughly $2,080 on a $400,000 home.
What is the median home price in Cave Junction?
The median sale price was $319,862 in the three months ending August 31, 2026, about $213 per square foot.
Local agents
See all agents in 97523 →No sponsored agents in 97523 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 97523
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology