Is Mount Hood, 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, Mount Hood was a Seller's Market.
Key Takeaway
Mount Hood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Hood, OR
How much do homes in Mount Hood, OR cost?
Median Sold Price
$600,000
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Mount Hood has remained the same since last year.
Summary: The median home sold price in Mount Hood was $600,000 in March 2024, down 0.3% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $326.2K | $353.7K | +8.4% |
| 2 Bedrooms | $460K | $453.2K | -1.5% |
| 3 Bedrooms | $640.5K | $632.5K | -1.2% |
| 4 Bedrooms | $772K | $765K | -0.9% |
| 5+ Bedrooms | $1.1M | $921K | -22.4% |
Summary: Mount Hood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 22.4%.
Median Sold Price Compared To Nearby Cities
| Sandy | $484.9K | $503.3K | +3.8% |
| Mount Hood | $602K | $600K | -0.3% |
| Rhododendron | $510K | $468.5K | -8.1% |
Housing Supply in Mount Hood, OR
How many homes are available in Mount Hood, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 84 | +6.3% |
Summary: The Mount Hood real estate market had 84 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 27 | 25 | -7.4% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Mount Hood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Hood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mount Hood in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Mount Hood, OR
How long does it take to sell a home in Mount Hood, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 78 Days | +12.6% |
Summary: Homes in Mount Hood had an average of 78 days on market in Mar 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mount Hood are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Mount Hood; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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