Is Mount Hood, 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, Mount Hood was a Neutral Market.
Key Takeaway
Mount Hood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Hood, OR
How much do homes in Mount Hood, OR cost?
Median Sold Price
$600,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Mount Hood has remained the same since last year.
Summary: The median home sold price in Mount Hood was $600,000 in May 2024, up 0.2% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $326.2K | $318.5K | -2.4% |
| 2 Bedrooms | $450.9K | $436K | -3.3% |
| 3 Bedrooms | $637K | $627.5K | -1.5% |
| 4 Bedrooms | $769.5K | $760K | -1.2% |
| 5+ Bedrooms | $921K | $957.5K | +4.0% |
Summary: Mount Hood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 4%.
Housing Supply in Mount Hood, OR
How many homes are available in Mount Hood, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 75 | +25.0% |
Summary: The Mount Hood real estate market had 75 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 16 | +77.8% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Mount Hood 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 77.8%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Hood, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Mount Hood in May 2024, down by 16.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 0% were sold at asking, and 70% were sold over asking.
Days on Market for Mount Hood, OR
How long does it take to sell a home in Mount Hood, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 24 Days | -20.0% |
Summary: Homes in Mount Hood had an average of 24 days on market in May 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
8 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 Mount Hood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Mount Hood; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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