Is Hawthorne / Belmont, 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, Hawthorne / Belmont has remained a Seller's Market.
Key Takeaway
Hawthorne / Belmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hawthorne / Belmont, OR
How much do homes in Hawthorne / Belmont, OR cost?
Median Sold Price
$613,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hawthorne / Belmont have sold for 10.8% less than they did a year ago.
Summary: The median home sold price in Hawthorne / Belmont was $613,000 in April 2024, down 10.8% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342K | $276K | -19.3% |
| 2 Bedrooms | $490K | $500K | +2.0% |
| 3 Bedrooms | $682.5K | $661.7K | -3.0% |
| 4 Bedrooms | $825K | $799K | -3.2% |
| 5+ Bedrooms | $888K | $790K | -11.0% |
Summary: Hawthorne / Belmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Neighborhoods
| Sunnyside | $625K | $595.7K | -4.7% |
| Hawthorne / Belmont | $687K | $613K | -10.8% |
Housing Supply in Hawthorne / Belmont, OR
How many homes are available in Hawthorne / Belmont, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 35 | +29.6% |
Summary: The Hawthorne / Belmont real estate market had 35 homes for sale in April 2024, a 29.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Hawthorne / Belmont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hawthorne / Belmont, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Hawthorne / Belmont in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Hawthorne / Belmont, OR
How long does it take to sell a home in Hawthorne / Belmont, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 59 Days | +266.0% |
Summary: Homes in Hawthorne / Belmont had an average of 59 days on market in Apr 2024, up by 266% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hawthorne / Belmont are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Hawthorne / Belmont; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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