Is Troutdale, 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, Troutdale has remained a Seller's Market.
Key Takeaway
Troutdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Troutdale, OR
How much do homes in Troutdale, OR cost?
Median Sold Price
$470,500
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Troutdale have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Troutdale was $470,500 in May 2024, up 1.2% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355K | $485K | +36.6% |
| 3 Bedrooms | $445K | $458.2K | +3.0% |
| 4 Bedrooms | $515K | $523.4K | +1.6% |
| 5+ Bedrooms | $531K | $515K | -3.0% |
Summary: Troutdale 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 36.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 3%.
Housing Supply in Troutdale, OR
How many homes are available in Troutdale, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 42 | -14.3% |
Summary: The Troutdale real estate market had 42 homes for sale in May 2024, a 14.3% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 31 | 27 | -12.9% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Troutdale 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 100%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Troutdale, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Troutdale in May 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Troutdale, OR
How long does it take to sell a home in Troutdale, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 12 Days | -57.9% |
Summary: Homes in Troutdale had an average of 12 days on market in May 2024, down by 57.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Troutdale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Troutdale; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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