Is Happy Valley, 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, Happy Valley was a Seller's Market.
Key Takeaway
Happy Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Happy Valley, OR
How much do homes in Happy Valley, OR cost?
Median Sold Price
$649,970
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Happy Valley have sold for 10% less than they did a year ago.
Summary: The median home sold price in Happy Valley was $649,970 in March 2024, down 10% 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 | $252.2K | $375K | +48.7% |
| 2 Bedrooms | $465.6K | $351.9K | -24.4% |
| 3 Bedrooms | $580K | $558K | -3.8% |
| 4 Bedrooms | $750K | $712.4K | -5.0% |
| 5+ Bedrooms | $882K | $850.5K | -3.6% |
Summary: Happy Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.7%, 2 bedroom homes decreased by 24.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Clackamas | $580.3K | $599.9K | +3.4% |
| Damascus | $660K | $667.5K | +1.1% |
| Northwest Clackamas | $620.9K | $625.1K | +0.7% |
| Portland East | $515.1K | $495.1K | -3.9% |
| Happy Valley | $722.2K | $649.9K | -10.0% |
Housing Supply in Happy Valley, OR
How many homes are available in Happy Valley, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 317 | 317 | 0.0% |
Summary: The Happy Valley real estate market had 317 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 27 | 20 | -25.9% |
| 3 Bedrooms | 102 | 104 | +2.0% |
| 4 Bedrooms | 136 | 137 | +0.7% |
| 5+ Bedrooms | 51 | 54 | +5.9% |
Summary: The Happy Valley 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 25.9%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Happy Valley, expect to pay close to the asking price. 45.2% of homes here sold near the asking price last month.
Summary: A total of 31 homes were sold or pending in Happy Valley in March 2024, down by 8.8% month-over-month. Of the 31 sold homes, 26% were sold under asking, 45% were sold at asking, and 29% were sold over asking.
Days on Market for Happy Valley, OR
How long does it take to sell a home in Happy Valley, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 86 Days | +51.3% |
Summary: Homes in Happy Valley had an average of 86 days on market in Mar 2024, up by 51.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Happy Valley are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 31 homes were sold in Happy Valley; 45% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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