Is Sherwood, 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, Sherwood has remained a Seller's Market.
Key Takeaway
Sherwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sherwood, OR
How much do homes in Sherwood, OR cost?
Median Sold Price
$659,966
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sherwood have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Sherwood was $659,966 in May 2024, up 8.2% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $264.9K | $265K | 0.0% |
| 2 Bedrooms | $385K | $332.5K | -13.6% |
| 3 Bedrooms | $525K | $565K | +7.6% |
| 4 Bedrooms | $720K | $729K | +1.3% |
| 5+ Bedrooms | $850K | $825K | -2.9% |
Summary: Sherwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Sherwood | $610K | $659.9K | +8.2% |
| Beaverton-Hillsboro | $565.1K | $574.7K | +1.7% |
| Tualatin | $631.8K | $635K | 0.5% |
Housing Supply in Sherwood, OR
How many homes are available in Sherwood, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 157 | 172 | +9.6% |
Summary: The Sherwood real estate market had 172 homes for sale in May 2024, a 9.6% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 59 | 58 | -1.7% |
| 4 Bedrooms | 64 | 74 | +15.6% |
| 5+ Bedrooms | 27 | 34 | +25.9% |
Summary: The Sherwood 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 14.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherwood, you may be able to get a good deal. 37.9% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Sherwood in May 2024, down by 3.3% month-over-month. Of the 29 sold homes, 38% were sold under asking, 28% were sold at asking, and 34% were sold over asking.
Days on Market for Sherwood, OR
How long does it take to sell a home in Sherwood, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 87 Days | +158.6% |
Summary: Homes in Sherwood had an average of 87 days on market in May 2024, up by 158.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Sherwood; 45% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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