Is Milwaukie, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Milwaukie has remained a Seller's Market.
Key Takeaway
Milwaukie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milwaukie, OR
How much do homes in Milwaukie, OR cost?
Median Sold Price
$490,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Milwaukie has remained the same since last year.
Summary: The median home sold price in Milwaukie was $490,500 in March 2024, up 0.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $308.8K | - | N/A |
| 2 Bedrooms | $400K | $401.2K | 0.3% |
| 3 Bedrooms | $496.2K | $485.2K | -2.2% |
| 4 Bedrooms | $586K | $590.4K | +0.8% |
| 5+ Bedrooms | $840K | $845K | +0.6% |
Summary: Milwaukie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Northwest Clackamas | $620.9K | $625.1K | +0.7% |
| Portland | $536.7K | $539.4K | 0.5% |
| Milwaukie | $490K | $490.5K | 0.1% |
| Portland East | $515.1K | $495.1K | -3.9% |
Housing Supply in Milwaukie, OR
How many homes are available in Milwaukie, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 71 | +9.2% |
Summary: The Milwaukie real estate market had 71 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 28 | 33 | +17.9% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Milwaukie 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 14.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milwaukie, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Milwaukie in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Milwaukie, OR
How long does it take to sell a home in Milwaukie, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 26 Days | -0.4% |
Summary: Homes in Milwaukie had an average of 26 days on market in Mar 2024, down by 0.4% compared to last year.
Breakdown of Home Sale Times
9 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 Milwaukie are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Milwaukie; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.