Is Forest Grove-Cornelius, 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, Forest Grove-Cornelius was a Seller's Market.
Key Takeaway
Forest Grove-Cornelius is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Forest Grove-Cornelius, OR
How much do homes in Forest Grove-Cornelius, OR cost?
Median Sold Price
$525,172
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Forest Grove-Cornelius have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Forest Grove-Cornelius was $525,172 in March 2024, up 1.7% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $155K | -45.6% |
| 2 Bedrooms | $387.5K | $368.2K | -5.0% |
| 3 Bedrooms | $480K | $478K | -0.4% |
| 4 Bedrooms | $588.9K | $600K | +1.9% |
| 5+ Bedrooms | $686.9K | $662.5K | -3.5% |
Summary: Forest Grove-Cornelius housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.6%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Forest Grove | $525K | $550K | +4.8% |
| Cornelius | $492.1K | $515.3K | +4.7% |
| Chehalem Mountains | $789K | $814.2K | +3.2% |
| Forest Grove-Cornelius | $516.5K | $525.1K | +1.7% |
| North Plains | $577K | $542.9K | -5.9% |
Housing Supply in Forest Grove-Cornelius, OR
How many homes are available in Forest Grove-Cornelius, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 208 | 220 | +5.8% |
Summary: The Forest Grove-Cornelius real estate market had 220 homes for sale in March 2024, a 5.8% increase 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 | 10 | 7 | -30.0% |
| 3 Bedrooms | 112 | 122 | +8.9% |
| 4 Bedrooms | 56 | 61 | +8.9% |
| 5+ Bedrooms | 30 | 30 | 0.0% |
Summary: The Forest Grove-Cornelius 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 30%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 31 | +14.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Grove-Cornelius, expect to pay close to the asking price. 38.7% of homes here sold near the asking price last month.
Summary: A total of 31 homes were sold or pending in Forest Grove-Cornelius in March 2024, up by 14.8% month-over-month. Of the 31 sold homes, 35% were sold under asking, 39% were sold at asking, and 26% were sold over asking.
Days on Market for Forest Grove-Cornelius, OR
How long does it take to sell a home in Forest Grove-Cornelius, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 64 Days | +6.6% |
Summary: Homes in Forest Grove-Cornelius had an average of 64 days on market in Mar 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Grove-Cornelius are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in Forest Grove-Cornelius; 55% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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