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Is Cove, OR 97824 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Cove is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$267▼ −35.3% vs. last year

The Cove housing market right now

In the three months ending August 31, 2026, 0% of homes in Cove, OR 97824 sold above their list price, the typical home went under contract in 25 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (14 days then) and the median sale price fell 27% to $583,747. Overall, Cove is less competitive than a year ago, which gives buyers more room.

Within Union County, homes here sell less often over asking than in any other ZIP code in the county.

Nearby, La Grande 97850 (23% sold over asking) and Union 97883 (20% sold over asking) are even more competitive.

Run the numbers for 97824

Prefilled for 97824Can I win this house?Multiple-offer likelihood for a listing Prefilled for 97824Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Elgin 97827Balanced $137 /sq ftImbler 97841 — /sq ftLa Grande 97850Seller’s market $225 /sq ftNorth Powder 97867Buyer’s market $73 /sq ft Browse all markets →

Towns like Cove nearby

Find towns like Cove in other states →
Wallowa, OR97885 · 22 miles away76% similarsmaller · 8 min shorter commute Joseph, OR97846 · 29 miles away62% similarcheaper homes ($31K less) · older residents Union, OR97883 · 8 miles away52% similarcheaper homes ($175K less) · younger residents Elgin, OR97827 · 20 miles away52% similarcheaper homes ($151K less) · 6 min shorter commute

Where Cove is

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Questions about Cove real estate

Is Cove a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Cove, OR 97824 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 Cove?

The typical home went under contract in 25 days in the latest three months.

Do homes in Cove sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Cove?

About 0.83% of a home’s value a year in Union County, or roughly $3,320 on a $400,000 home.

What is the median home price in Cove?

The median sale price was $583,747 in the three months ending August 31, 2026, about $267 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology