Why Live in Coos Bay
Coos Bay, located on a peninsula in southern Oregon, is part of Oregon’s Bay Area alongside North Bend. With a population of around 15,000, Coos Bay has seen a slight decline since 2019. The city has struggled to replace its once-thriving lumber industry, though healthcare remains a significant employer. The proposed Oregon International Port of Coos Bay, backed by over $25 million in federal funding, aims to create 8,000 jobs, potentially reversing the trend of graduates leaving for employment elsewhere. Coos Bay offers a mix of housing options, from sprawling contemporary homes to ranch-style houses and fixer-uppers. A proposed subdivision, Timber Cove, plans to add 400 new homes by spring 2026 to address the housing shortage. Mingus Park and John Topits Park (Empire Lakes) provide outdoor recreation opportunities, including hiking, biking, kayaking, and fishing. The Coos Bay Boardwalk features local restaurants, antique shops, and a farmers market. U.S. Highway 101 runs through the city, connecting it to other parts of Oregon. Coos Bay experiences mild weather with over 180 days of sun and 150 days of rain annually.
Home Trends in Coos Bay, OR
On average, homes in Coos Bay, OR sell after 139 days on the market compared to the national average of 70 days. The median sale price for homes in Coos Bay, OR over the last 12 months is $358,000, down 14% from the median home sale price over the previous 12 months.
Median Sale Price
$358,000
Median Single Family Sale Price
$405,000
Median 2 Bedroom Sale Price
$260,000
Average Price Per Sq Ft
$234
Number of Homes for Sale
6
Last 12 months Home Sales
62
Median List Price
$439,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-14%