Southern Oregon Market Update – Week of September 21, 2026

BUYERS & SELLERS

The 30-year fixed mortgage rate rose to 6.95% this week per Freddie Mac, up from 6.76% last week and 6.26% a year ago. On a median-priced Grants Pass home with 20% down, that adds about $142 a month in principal and interest compared with a year ago, before taxes and insurance.
Grants Pass’s median sale price reached $389,740 in August per Redfin, up 3.9% from a year ago. Redfin also calls the market hot, with 29% of homes accepting an offer within two weeks.
Ashland’s median sale price slipped 3.7% to $522,904 and still sits about $133,000 above Grants Pass. Ashland currently lists 21 homes with two or more bedrooms under $350,000, mostly condos and townhomes.

The City of Grants Pass’s 8-acre former Asante site on Washington Boulevard, next to the Hillcrest Fire Station, is due to go out to developers this month. The Urban Renewal Agency’s consultant, First Forty Feet, has been studying the site as a mixed-use hub of housing and jobs.
Ashland’s East Main Community Park, near the Ashland Family YMCA, is under construction on 5.52 acres, with a pump track, walking trails, parking, and restrooms in Phase 1. The public improvements are due by November, with the on-site park work following.
Redfin lists 67 manufactured homes for sale in Grants Pass, and 46 sold in the past month, out of 534 total listings citywide. That segment turns over about every six weeks.

Oregon’s 2026 House Bill 4037 lets housing projects skip the public hearing. Neighbors are notified within 100 feet for projects of up to 19 units and 500 feet for 20 or more, and only developers can appeal, so a vacant lot nearby can move to construction with far less neighbor input. Medford is weighing dropping its Site Plan and Architectural Commission in response.
Josephine County commissioners unanimously approved the Stonefly Subdivision plat, clearing the way for its lots to be sold and built on.
Two more properties, 9.3 acres in all, were annexed into the Josephine Community Library District. Their owners now pay the district’s 39 cents per $1,000 of assessed value, about $39 a year for each $100,000 of assessed value.

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