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Featured local agent — Cave Junction, OR
Sarah Mitchell
Compass Real Estate · Cave Junction, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cave Junction, OR Housing Market
The typical home in Cave Junction, OR is worth $298,101, fell 0.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $387,000, +17.3% year over year (through May 2026). With 10.0 months of supply and homes going under contract in about 271 days, Cave Junction is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $298,101 home is about $1,591/mo in principal and interest.
Key numbers for Cave Junction, OR
Typical home value
$298,101
-0.8% in 12 months
Zillow, August 2026
Median sale price
$387,000
+17.3% year over year
Redfin, through May 2026
Days on market
271
Slow-moving
Redfin, through May 2026
Active listings
20
10.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$35,927
Home costs 8.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.4%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cave Junction a buyer's or seller's market?
Cave Junction, OR is a buyer's market, based on 10.0 months of supply and homes selling in about 271 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cave Junction housing market data show?
Every row below is Redfin's final published month for Cave Junction, OR. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $387,000 |
| Median list price | $362,975 |
| Year-over-year price change | +17.3% |
| Median price per sq ft | $229/sq ft |
| Median days on market | 271 days |
| Active inventory | 20 listings |
| Months of supply | 10.0 months |
| Sale-to-list price ratio | 98.4% |
| Homes sold (that month) | 2 |
| New listings (that month) | 4 |
| Listings with a price cut | 30.0% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cave Junction is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cave Junction is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cave Junction home prices moved?
Over the last three years the median sale price in Cave Junction, OR rose 3.5%, from $374,000 to $387,000. The live Zillow value series has fell 0.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 30.0% of Cave Junction listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 10.0 months while the sale-to-list ratio slips below its current 98.4%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cave Junction?
Priced off the typical home value of $298,101 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $59,620 | $238,481 | $1,591/mo |
| 5% | $14,905 | $283,196 | $1,890/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,591, that implies roughly $68,204 a year before you add taxes and insurance. The median household in Cave Junction earns $35,927, about $32,277 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 8.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cave Junction in the next 12 months?
Tell us your timeline. We send the Cave Junction market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cave Junction?
Zillow does not publish a rent index (ZORI) for Cave Junction, OR, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Cave Junction?
Active listings in Cave Junction, OR went from 13 in March 2025 to 20 in May 2026, a +53.8% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 16 | 6 |
| May 2025 | 18 | 4 |
| July 2025 | 19 | 2 |
| August 2025 | 18 | 3 |
| September 2025 | 19 | 5 |
| October 2025 | 17 | 1 |
| November 2025 | 19 | 4 |
| December 2025 | 18 | 1 |
| January 2026 | 18 | 2 |
| March 2026 | 20 | 7 |
| April 2026 | 19 | 3 |
| May 2026 | 20 | 4 |
Redfin, through May 2026
How does Cave Junction compare to Oregon and the U.S.?
Cave Junction homes sell for $387,000 — 26% below the Oregon median of $525,500. Against the national median of $410,700, Cave Junction runs 6% lower. Year-over-year, Cave Junction moved +17.3% against Oregon's -0.0% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cave Junction, OR | $387,000 | +17.3% | 271 days |
| Oregon statewide | $525,500 | -0.0% | 28 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cave Junction
What buyers should watch
- Months of supply, currently 10.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 30.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $298 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $298,101 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Cave Junction listing goes under contract in 271 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Cave Junction added 4 new listings against 2 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -0.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Cave Junction varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cave Junction
There are currently 20 homes listed for sale in Cave Junction, Oregon. The median listing price is $363K.
Active listings
20
Homes on market
Median list price
$363K
Avg. days on market
271
Days until sale
New this week
4
Newly listed
How much do homes cost in Cave Junction by property type?
How the Cave Junction, OR market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $387,000 | $229/sq ft | 2 | 271 days |
Who lives in Cave Junction?
American Community Survey estimates for Cave Junction. U.S. Census ACS, 2023
Population
1,701
Households
750
Median income
$35,927/yr
Median age
41.7 years
Owner-occupied
69.3%
Median home value
$252,000
Median gross rent
$1,076/mo
Mean commute
27 min
69.3% of occupied homes in Cave Junction are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $252,000 against Zillow's $298,101 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Cave Junction?
3 schools tracked · 1,008 students
The largest public schools serving Cave Junction, 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.
Evergreen Elementary School
Grades K-4 · 385 students
Illinois Valley High School
Grades 9-12 · 316 students
Lorna Byrne Middle School
Grades 5-8 · 307 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 Cave Junction, OR?
Ordered by distance from Cave Junction, not by size. Compare Cave Junction side by side with any of them.
Cave Junction housing market FAQ
Is Cave Junction a buyer's or seller's market?
Cave Junction, OR is currently a buyer's market. That read comes from 10.0 months of supply, homes going under contract in about 271 days, and sellers getting 98.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Cave Junction?
The typical home in Cave Junction, OR is worth $298,101 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $387,000, about $229 per square foot.
Is Cave Junction cheaper than the rest of Oregon?
Cave Junction's median sale price of $387,000 is 26% lower than the Oregon statewide median of $525,500, and 6% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cave Junction?
Homes in Cave Junction, OR spent a median of 271 days on market before going under contract, versus 28 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Cave Junction?
At the current 30-year fixed rate of 7.03%, 20% down on a $298,101 home is about $1,591 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $68,204 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $35,927.
Are home prices rising in Cave Junction?
The typical home value in Cave Junction, OR fell 0.8% over the last 12 months, from $300,397 to $298,101 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Cave Junction?
Cave Junction ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cave Junction?
That depends on your timeline, not on a headline. What the data says today: Cave Junction, OR is a buyer's market with 10.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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