Is Milwaukie, 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, Milwaukie has remained a Seller's Market.
Housing Prices in Milwaukie, OR
How much do homes in Milwaukie, OR cost?
Median Sold Price
$490,250
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Milwaukie was $490,250 in April 2024, up 0.1% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $308.8K | - | N/A |
2 Bedrooms | $380.3K | $399.9K | +5.2% |
3 Bedrooms | $500K | $485K | -3.0% |
4 Bedrooms | $579.5K | $585K | +0.9% |
5+ Bedrooms | $720K | $870K | +20.8% |
Summary: Milwaukie housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
Northwest Clackamas | $620K | $625.4K | +0.9% |
Portland | $535.6K | $537.4K | 0.3% |
Milwaukie | $490K | $490.2K | 0.1% |
Portland East | $510.8K | $494.3K | -3.2% |
Housing Supply in Milwaukie, OR
How many homes are available in Milwaukie, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 43 | -12.2% |
Summary: The Milwaukie real estate market had 43 homes for sale in April 2024, a 12.2% decrease 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 | 9 | 8 | -11.1% |
3 Bedrooms | 29 | 23 | -20.7% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Milwaukie 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 decreased by 11.1%, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Milwaukie in April 2024, the same as the previous month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 27 Days | -43.9% |
Summary: Homes in Milwaukie had an average of 27 days on market in Apr 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Milwaukie; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.