The Fizbit

Fizbo Market Record — March 27, 2026 Among the 10 active listings in Milton-Freewater, Oregon, this 2-bedroom, 1-bathroom home at 817 Perkins Street occupies the absolute floor of the local market. At $199,900, it sits at the 0th price percentile for the city, the 0th percentile for single-family homes in the city, and the 0th percentile statewide — the least expensive active listing across all three comparison tiers. The city median is $522,500 and the statewide median is $617,450, meaning this property prices at 38% of the local midpoint and 32% of the state midpoint. Those are not modest discounts; they reflect a fundamentally different asset category within the same geographic market. At $273 per square foot on 731 square feet, this listing lands at the 50th price-per-sqft percentile for the city. That mid-range per-square-foot position on the absolute smallest footprint in the dataset tells an important story: the seller is not discounting the raw land or the structure below local per-square-foot norms. The $199,900 price is consistent with what 731 square feet should cost in this market if priced to the average cost-per-square-foot rate. What limits the absolute price is the footprint size, not an unusual discount. The city average is $289 per square foot, and this listing comes in 6% below that average. The feature count of 1 is the thinnest in the entire dataset, and the documented missing common features — primary bath, walk-in closet, and dining room — reflect the constraints of a 731-square-foot layout built in 1942. Off-street parking is the only parking feature noted, and no garage is documented. The updates called out in the description — new flooring, new siding, refreshed bathroom finishes, and included appliances — are the seller's investment in making a 1942, sub-800-square-foot home competitive against newly built alternatives. For the buyer profile this listing targets (first-time buyers or downsizers), those improvements reduce the initial out-of-pocket renovation budget substantially. The 0.12-acre lot (5,227 square feet) is the smallest in Milton-Freewater's active inventory at the 0th lot size percentile, providing minimal outdoor space. For buyers who need significant yard space, a garden, or outdoor storage, this property does not compete. For buyers who prioritize low maintenance and minimal landscaping responsibilities alongside a low mortgage payment, the lot size becomes a feature rather than a limitation. At 516 days on market against a city average DOM of 111, this listing has been active for more than 4 times the local average. That extended market time is the most significant data point for any agent advising on this property. At 516 days, buyers will ask what has prevented sale and whether the condition issues noted in the description reflect something beyond cosmetics. The value score of 41 indicates that the market has assessed this property as below average in value relative to its price — consistent with the DOM signal. If the current ask has not generated an accepted offer in 516 days, the gap between the price and what the market will bear needs to be addressed directly. A reduction to the $175,000 range would push the per-square-foot cost below $240, which may be the threshold needed to generate renewed activity on a 1942, 731-square-foot property with limited features.