Is Molalla, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Molalla was a Seller's Market.
Key Takeaway
Molalla is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Molalla, OR
How much do homes in Molalla, OR cost?
Median Sold Price
$466,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Molalla have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Molalla was $466,000 in March 2024, up 4.4% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $374.5K | $358K | -4.4% |
| 3 Bedrooms | $431K | $458K | +6.3% |
| 4 Bedrooms | $511K | $490.1K | -4.1% |
| 5+ Bedrooms | $563.5K | $940K | +66.8% |
Summary: Molalla 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 decreased by 4.4%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 66.8%.
Median Sold Price Compared To Nearby Cities
| Molalla | $446.3K | $466K | +4.4% |
| Yoder | $808.5K | $780K | -3.5% |
Housing Supply in Molalla, OR
How many homes are available in Molalla, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 52 | +2.0% |
Summary: The Molalla real estate market had 52 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 24 | 28 | +16.7% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Molalla 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 increased by 100%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Molalla, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Molalla in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Molalla, OR
How long does it take to sell a home in Molalla, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 107 Days | +334.4% |
Summary: Homes in Molalla had an average of 107 days on market in Mar 2024, up by 334.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Molalla are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Molalla; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.