Is Cottage Grove, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$380,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cottage Grove have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Cottage Grove was $380,000 in March 2024, up 5.4% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $350K | +27.3% |
| 2 Bedrooms | $307.4K | $309.9K | +0.8% |
| 3 Bedrooms | $360.6K | $379.9K | +5.4% |
| 4 Bedrooms | $423.5K | $482K | +13.8% |
| 5+ Bedrooms | $434.9K | $580K | +33.4% |
Summary: Cottage Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 33.4%.
Housing Supply in Cottage Grove, OR
How many homes are available in Cottage Grove, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 92 | 96 | +4.3% |
Summary: The Cottage Grove real estate market had 96 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 42 | 47 | +11.9% |
| 4 Bedrooms | 35 | 35 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Cottage Grove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 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. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Cottage Grove in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 58 Days | +24.9% |
Summary: Homes in Cottage Grove had an average of 58 days on market in Mar 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cottage Grove are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Cottage Grove; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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