Is Hood River, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hood River is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Hood River was a Seller's Market.

Key Takeaway

Hood River is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hood River, OR

How much do homes in Hood River, OR cost?

Median Sold Price

$704,500

$398/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$49,500(+7.6%)

Key Takeaway

Homes in Hood River have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Hood River was $704,500 in March 2024, up 7.6% from last year, and the median price per square foot was $398.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $476.2K$430K
-9.7%
2 $525K$548K
+4.4%
3 $663.5K$698.5K
+5.3%
4 $720K$862.5K
+19.8%
5+ $1.0M$908.5K
-9.8%

Summary: Hood River housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Cities

Hood River
+7.6%
Carson-Underwood
+1.3%

Housing Supply in Hood River, OR

How many homes are available in Hood River, OR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5864+10.3%

Summary: The Hood River real estate market had 64 homes for sale in March 2024, a 10.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 44
0.0%
2 99
0.0%
3 2226
+18.2%
4 1921
+10.5%
5+ 44
0.0%

Summary: The Hood River 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
660.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hood River, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Hood River in March 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Hood River, OR

How long does it take to sell a home in Hood River, OR?

Average Sale Time

Mar 2023Mar 2024CHANGE
38 Days53 Days+38.3%

Summary: Homes in Hood River had an average of 53 days on market in Mar 2024, up by 38.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hood River are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Hood River; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Hood River, OR

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