Is Redland, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Redland has remained a Buyer's Market.
Key Takeaway
Redland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Redland, OR
How much do homes in Redland, OR cost?
Median Sold Price
$746,450
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Redland have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in Redland was $746,450 in April 2024, down 7.8% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $658K | $426.5K | -35.2% |
| 3 Bedrooms | $706K | $690K | -2.3% |
| 4 Bedrooms | $880K | $802.5K | -8.8% |
| 5+ Bedrooms | $850K | $823K | -3.2% |
Summary: Redland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.2%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Eagle Creek | $725K | $775K | +6.9% |
| Damascus | $660K | $670K | +1.5% |
| Northwest Clackamas | $620K | $625.4K | +0.9% |
| Beavercreek | $705K | $696.5K | -1.2% |
| Redland | $810K | $746.4K | -7.8% |
Housing Supply in Redland, OR
How many homes are available in Redland, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Summary: The Redland real estate market had 22 homes for sale in April 2024, a 29.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Redland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redland, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Redland in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Redland, OR
How long does it take to sell a home in Redland, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 180 Days | 8 Days | -95.4% |
Summary: Homes in Redland had an average of 8 days on market in Apr 2024, down by 95.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Redland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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