Southern Oregon Market Update – Week of October 12, 2026

October 12, 2026

BUYERS & SELLERS

The 30-year fixed averaged 7.40% on October 8 (Freddie Mac), up from 6.30% a year ago. On a $440,000 home with 20% down, principal and interest comes to about $2,437 a month, $258 more than last October.
The Grants Pass median sale price reached $440,000 in September, up 6% from $415,000 a year earlier, and sellers received 93.9% of their first asking price. At that rate, a home first listed at $450,000 closes near $422,550.
Grants Pass sales between $500,000 and $749,000 rose 20% through September, 146 against 122 last year, while sales at $750,000 and up fell 23%. A seller above $750,000 competes with 76 other listings for fewer buyers.

Oregon set its 2027 rent increase cap at 10% for most rentals, up from 9.5% this year, and 6% for manufactured home parks with more than 30 spaces. Landlords planning January increases now know their ceiling.
Josephine County homes spent an average of 91 days on the market in September, up from 70 a year ago, and sold for 93.6% of first asking price. Buyers of rentals and fixer-uppers have more room to negotiate.
Jackson County’s median sale price rose 10% to $465,404 in September while inventory held near 1,087 homes, about 4.6 months of supply. Medford-area prices are outpacing Grants Pass on flat supply.

Josephine County plans monthly property tax payments starting in early 2027, the first Oregon county to offer them. Bank transfers carry no fee and cards cost 1.99%, so owners can spread the November bill across the year.
The county expects its next $500,000 block grant to fund about $400,000 in home repairs for qualifying low-income owners and $100,000 for mobile homes in parks outside the city. Park homeowners in the county have repair money on the way.
On September 29, commissioners set conditions for a processing facility at 2581 Dick George Road near Cave Junction: water-use limits, truck access from Dick George Road instead of Greenview Road, and carbon filters for odor. Greenview Road neighbors keep the trucks off their street.

Questions about what any of this means for your situation? Get in touch.