$250,000
42211 NW Banks Rd
Banks, OR
Land13,504 sqft lot
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Sarah Mitchell
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Compass Real Estate · Banks, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Banks, OR(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Banks, OR Housing Market & Real Estate
Seller's market-18.0% YoY
Housing market overview · Updated monthly ·
$525,000median sale price
How is the Banks, OR housing market right now?
The median home sale price in Banks, OR is $525,000, down 18.0% year-over-year. Homes sell in an average of 9 days with 3 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Banks a buyer's or seller's market?
Seller's market3.0 months of supply9 avg. days on market
Banks, OR is currently a seller's market, based on 3.0 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
9
Fast-moving
Active listings
3
3.0 months supply
Sale-to-list
101.0%
Above asking
What does the Banks housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $525,000 |
| Median list price | $433,750 |
| Year-over-year price change | -18.0% |
| Average days on market | 9 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 101.0% |
| Median price per sq ft | $231/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 100.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Banks by property type?
How the Banks, OR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $525,000 | $231/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The Banks housing market is currently classified as a seller's market with a median sale price of $525,000. Prices have fallen 18.0% compared to last year, with homes spending an average of 9 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.6x provides context for how home values compare to local earning capacity.
Homes for sale in Banks
There are currently 3 homes listed for sale in Banks, Oregon. The median listing price is $434K. Featured listings range from $250,000 to $1,225,000.
$399,900
Deer Ct
Banks, OR
Land10.00 acres
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$430,000
12822 NW Jarvis Pl
Banks, OR
3 bd2 ba1,514 sqft$284/ft²
House2,614 sqft lot
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$439,900
12734 NW Hammond Pl
Banks, OR
4 bd2 ba1,567 sqft$281/ft²
House3,049 sqft lot
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$440,000
41733 NW Bellingham Ct
Banks, OR
4 bd2 ba1,507 sqft$292/ft²
House2,614 sqft lot
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$465,000
42015 NW Buckshire St
Banks, OR
4 bd2 ba1,825 sqft$255/ft²
House5,663 sqft lot
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$545,000
12339 NW Ashton Dr
Banks, OR
3 bd2 ba2,088 sqft$261/ft²
House3,920 sqft lot
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$569,900
42371 NW Banks Rd
Banks, OR
3 bd3 ba2,017 sqft$283/ft²
House12,632 sqft lot
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$579,000
20055 NW Pihl Rd
Banks, OR
0 bd1 ba4,000 sqft$145/ft²
House25,265 sqft lot
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$897,000
40595 NW Raindance Ln
Banks, OR
4 bd2 ba3,662 sqft$245/ft²
House5.47 acres
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$899,900
21076 NW Green Mountain Rd
Banks, OR
3 bd2 ba1,446 sqft$622/ft²
House24.00 acres
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$1,225,000
45632 NW Mead Way
Banks, OR
5 bd2 ba3,810 sqft$322/ft²
House1.04 acres
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Looking to buy in Banks?
Get connected with a local real estate expert — free, no obligation.
Active listings
3
Homes on market
Median list price
$434K
Avg. days on market
9
Days until sale
New this week
2
Newly listed
Price drops:100.0%of listings
Sale-to-list:101.0%
Who lives in Banks?
Population
2,092
Median income
$84,651/yr
Median age
34.8 years
Owner-occupied
76.9%
College grads
33.5%
Avg commute
28.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Banks?
Zillow home value
$642,129
Price-to-income
7.6x
Source: Zillow Research
What is it like to live in Banks?
Banks is a community of approximately 2K residents with a median age of 34.8 years.The median household income is $84,651, which reflects a relatively affluent area with strong earning potential. 33.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 76.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Banks offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Banks?
3 schools tracked · 1,091 students
The largest public schools serving Banks, OR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Banks Elementary School
Grades K-5 · 450 students
Banks High School
Grades 9-12 · 387 students
Banks Middle School
Grades 6-8 · 254 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Banks, OR?
Want a head-to-head view? Compare Banks side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Banks?
The median home sale price in Banks is $525,000, down 18.0% from last year.
How long do homes stay on market in Banks?
Homes typically spend 9 days on market before going under contract.
What is the median income in Banks?
The median household income is $84,651 per year.
Is Banks a buyer's or seller's market?
With 3.0 months of supply, Banks is currently a seller's market.
How many homes are for sale in Banks?
There are currently 3 homes listed for sale in Banks, OR.
What is the Zillow home value estimate for Banks?
The Zillow Home Value Index (ZHVI) for Banks is $642,129, representing the typical home value in the area.
How much does a single-family home cost in Banks?
The median single-family home price in Banks, OR is $525,000 (about $231 per square foot).
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