Is Cottage Grove, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cottage Grove was a Seller's Market.
Key Takeaway
Cottage Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cottage Grove, OR
How much do homes in Cottage Grove, OR cost?
Median Sold Price
$388,000
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cottage Grove have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Cottage Grove was $388,000 in May 2024, up 8.1% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $292.5K | $353K | +20.7% |
| 3 Bedrooms | $363.1K | $373K | +2.7% |
| 4 Bedrooms | $407.5K | $510K | +25.2% |
| 5+ Bedrooms | - | $580K | N/A |
Summary: Cottage Grove 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 20.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes did not change.
Housing Supply in Cottage Grove, OR
How many homes are available in Cottage Grove, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 72 | 71 | -1.4% |
Summary: The Cottage Grove real estate market had 71 homes for sale in May 2024, a 1.4% decrease 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 | 9 | 12 | +33.3% |
| 3 Bedrooms | 39 | 32 | -17.9% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Cottage Grove 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 decreased by 17.9%, 4 bedroom homes increased by 15%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 7 | -61.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cottage Grove, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Cottage Grove in May 2024, down by 61.1% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Cottage Grove, OR
How long does it take to sell a home in Cottage Grove, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 81 Days | +166.2% |
Summary: Homes in Cottage Grove had an average of 81 days on market in May 2024, up by 166.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cottage Grove are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Cottage Grove; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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