Is Lents, 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, Lents has remained a Seller's Market.
Key Takeaway
Lents is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lents, OR
How much do homes in Lents, OR cost?
Median Sold Price
$392,500
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lents have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Lents was $392,500 in April 2024, down 1.9% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $300K | +17.6% |
| 2 Bedrooms | $365K | $341K | -6.6% |
| 3 Bedrooms | $400K | $411.5K | +2.9% |
| 4 Bedrooms | $420K | $472.2K | +12.4% |
| 5+ Bedrooms | $565K | $511.5K | -9.5% |
Summary: Lents housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.6%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in Lents, OR
How many homes are available in Lents, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 62 | +24.0% |
Summary: The Lents real estate market had 62 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 20 | 26 | +30.0% |
| 4 Bedrooms | 8 | 14 | +75.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lents housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lents, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Lents in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.
Days on Market for Lents, OR
How long does it take to sell a home in Lents, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 66 Days | +40.2% |
Summary: Homes in Lents had an average of 66 days on market in Apr 2024, up by 40.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lents are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Lents; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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