Market report
Wheeler Real Estate Market Report
Wheeler home sales, in perspective
Wheeler calls for more restraint than almost any other market in this group. With only a few dozen recorded single-family sales across the years shown below, one unusual property or a handful of transactions can move a yearly median significantly. The more useful observation is structural: Wheeler is a low-volume market with considerable property-to-property variation, and recent years have generally involved longer marketing periods and more negotiation than the fast-moving market of 2021. The figures below carry the current record; read them with the sale count beside each one.
The local geography reinforces that caution. Downtown Wheeler sits close to the commercial core and Nehalem Bay; the Waterfront has a direct relationship with the bay; and Upper Wheeler climbs above town, where elevation brings very different view and privacy characteristics. With so few transactions a year, the mix among those settings can change a year's statistics on its own. The live record below is therefore more informative than any stand-alone annual median, particularly when the date controls are used to inspect the individual sales behind the summary.
Market pulse
The last 90 days of recorded single-family sales inside the Wheeler boundary.
Too few sales to call the market.
Homes sold
0
Sales history, 2020 to today
35 recorded single-family sales since November 12, 2020
Choose the years to show.
2020–2026 · 35 sales
Sales by price
2020–2026. Price ranges stay the same whatever years you choose, so you can compare one period with another.
| Price | Sales | Median market time |
|---|---|---|
| $600k+ | 4 | 46 days · 4 sales |
| $500–599k | 10 | 14 days · 10 sales |
| $400–499k | 8 | 45 days · 8 sales |
| $300–399k | 10 | 58 days · 10 sales |
| $200–299k | 3 | 57 days · 3 sales |
What sellers got
In Wheeler, 2020–2026
- Median sold price
- $462,75035 sales
- Median original list price
- $479,00035 sales
- Median gap to list price
- −2.9%35 sales
- Sold at or above list price
- 34%12 of 35
- Median market time
- 28 days35 sales
- Cash sales
- 29%10 of 35 with financing recorded
How this is calculated
Figures are computed from RMLS closed single-family sales inside the Wheeler boundary and refresh daily from the feed. No property is identified.
About these figures
- Counted: sales RMLS records as Sold. Not counted: off-market sales recorded after the fact, and listings that expired, were withdrawn or were canceled.
- Single-family homes only — condominiums, land and commercial sales are excluded.
- The pulse says whether Wheeler's most recent period — a quarter, or six months or a year where a quarter has too few sales — ran warmer or cooler than this market's own recent years; it is not shown where there are still too few sales.
- Market time is RMLS's cumulative days on market; cash sales are those paid in cash only.
- Homes for sale is counted nightly from Oct 31, 2026; comparisons appear as that history builds.
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