Is North Plains, 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, North Plains was a Seller's Market.
Key Takeaway
North Plains is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Plains, OR
How much do homes in North Plains, OR cost?
Median Sold Price
$542,900
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Plains have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in North Plains was $542,900 in March 2024, down 5.9% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | - | $520K | N/A |
| 3 Bedrooms | $538.9K | $512K | -5.0% |
| 4 Bedrooms | $592.6K | $599.4K | +1.1% |
| 5+ Bedrooms | $689.9K | $711.4K | +3.1% |
Summary: North Plains 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 did not change, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in North Plains, OR
How many homes are available in North Plains, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 68 | 61 | -10.3% |
Summary: The North Plains real estate market had 61 homes for sale in March 2024, a 10.3% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The North Plains 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 remained the same, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 4 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Plains, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in North Plains in March 2024, down by 66.7% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for North Plains, OR
How long does it take to sell a home in North Plains, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 28 Days | -29.3% |
Summary: Homes in North Plains had an average of 28 days on market in Mar 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Plains are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in North Plains; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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