Is Creswell, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Creswell has remained a Seller's Market.
Key Takeaway
Creswell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Creswell, OR
How much do homes in Creswell, OR cost?
Median Sold Price
$450,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Creswell have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Creswell was $450,000 in March 2024, up 5.9% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355.5K | $625K | +75.8% |
| 3 Bedrooms | $420K | $430K | +2.4% |
| 4 Bedrooms | $465K | $525K | +12.9% |
| 5+ Bedrooms | $809K | $975K | +20.5% |
Summary: Creswell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 75.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in Creswell, OR
How many homes are available in Creswell, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 44 | -6.4% |
Summary: The Creswell real estate market had 44 homes for sale in March 2024, a 6.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Creswell housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Creswell, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Creswell in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Creswell, OR
How long does it take to sell a home in Creswell, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 31 Days | -32.4% |
Summary: Homes in Creswell had an average of 31 days on market in Mar 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Creswell are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Creswell; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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