Is Estacada, 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, Estacada has remained a Neutral Market.
Key Takeaway
Estacada is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Estacada, OR
How much do homes in Estacada, OR cost?
Median Sold Price
$525,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Estacada have sold for 5% more than they did a year ago.
Summary: The median home sold price in Estacada was $525,000 in May 2024, up 5% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $405K | +8.0% |
| 3 Bedrooms | $480K | $505K | +5.2% |
| 4 Bedrooms | $549.9K | $551.1K | 0.2% |
| 5+ Bedrooms | $787K | $655K | -16.8% |
Summary: Estacada 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 increased by 8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Cities
| Eagle Creek | $732.5K | $782.5K | +6.8% |
| Estacada | $499.9K | $525K | +5.0% |
Housing Supply in Estacada, OR
How many homes are available in Estacada, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 101 | 103 | +2.0% |
Summary: The Estacada real estate market had 103 homes for sale in May 2024, a 2.0% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 44 | 49 | +11.4% |
| 4 Bedrooms | 40 | 36 | -10.0% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Estacada 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 increased by 33.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Estacada, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Estacada in May 2024, down by 28.6% month-over-month. Of the 15 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Estacada, OR
How long does it take to sell a home in Estacada, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 86 Days | 61 Days | -29.0% |
Summary: Homes in Estacada had an average of 61 days on market in May 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Estacada are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Estacada; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.