Is Oregon City, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oregon City has remained a Seller's Market.
Key Takeaway
Oregon City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oregon City, OR
How much do homes in Oregon City, OR cost?
Median Sold Price
$600,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oregon City have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Oregon City was $600,000 in May 2024, up 7.4% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.9K | $367.5K | +71.0% |
| 2 Bedrooms | $427.5K | $425K | -0.6% |
| 3 Bedrooms | $530.2K | $549.9K | +3.7% |
| 4 Bedrooms | $625.5K | $680K | +8.7% |
| 5+ Bedrooms | $749.9K | $729K | -2.8% |
Summary: Oregon City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Beavercreek | $693K | $765K | +10.4% |
| Oregon City | $558.8K | $600K | +7.4% |
| Gladstone | $487K | $501.5K | +3.0% |
| Northwest Clackamas | $620.6K | $625.1K | +0.7% |
| West Linn | $776.7K | $776.4K | 0% |
Housing Supply in Oregon City, OR
How many homes are available in Oregon City, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 178 | 198 | +11.2% |
Summary: The Oregon City real estate market had 198 homes for sale in May 2024, a 11.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 71 | 85 | +19.7% |
| 4 Bedrooms | 73 | 80 | +9.6% |
| 5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The Oregon City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 49 | +11.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oregon City, you may be able to get a good deal. 38.8% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Oregon City in May 2024, up by 11.4% month-over-month. Of the 49 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.
Days on Market for Oregon City, OR
How long does it take to sell a home in Oregon City, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 21 Days | -18.9% |
Summary: Homes in Oregon City had an average of 21 days on market in May 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oregon City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 49 homes were sold in Oregon City; 76% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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