Is Northwest Clackamas, 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, Northwest Clackamas was a Seller's Market.
Key Takeaway
Northwest Clackamas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest Clackamas, OR
How much do homes in Northwest Clackamas, OR cost?
Median Sold Price
$625,168
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northwest Clackamas have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Northwest Clackamas was $625,168 in March 2024, up 0.7% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.9K | $269K | +3.5% |
| 2 Bedrooms | $410K | $409K | -0.2% |
| 3 Bedrooms | $555.4K | $551.9K | -0.6% |
| 4 Bedrooms | $734.9K | $744.3K | +1.3% |
| 5+ Bedrooms | $875K | $900K | +2.9% |
Summary: Northwest Clackamas housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Oregon City | $566K | $591K | +4.4% |
| West Linn | $766.1K | $798.5K | +4.2% |
| Northwest Clackamas | $620.9K | $625.1K | +0.7% |
| Gladstone | $510K | $490.2K | -3.9% |
Housing Supply in Northwest Clackamas, OR
How many homes are available in Northwest Clackamas, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,412 | 1,492 | +5.7% |
Summary: The Northwest Clackamas real estate market had 1,492 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 17 | -5.6% |
| 2 Bedrooms | 129 | 130 | +0.8% |
| 3 Bedrooms | 481 | 510 | +6.0% |
| 4 Bedrooms | 564 | 597 | +5.9% |
| 5+ Bedrooms | 220 | 238 | +8.2% |
Summary: The Northwest Clackamas housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 8.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 164 | 174 | +6.1% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Clackamas, you may be able to get a good deal. 37.9% of homes here sold below asking price last month.
Summary: A total of 174 homes were sold or pending in Northwest Clackamas in March 2024, up by 6.1% month-over-month. Of the 174 sold homes, 38% were sold under asking, 27% were sold at asking, and 35% were sold over asking.
Days on Market for Northwest Clackamas, OR
How long does it take to sell a home in Northwest Clackamas, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 49 Days | +11.4% |
Summary: Homes in Northwest Clackamas had an average of 49 days on market in Mar 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
113 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Clackamas are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 174 homes were sold in Northwest Clackamas; 65% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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