Is Northwest District, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Northwest District was a Seller's Market.
Key Takeaway
Northwest District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest District, OR
How much do homes in Northwest District, OR cost?
Median Sold Price
$480,000
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northwest District have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Northwest District was $480,000 in April 2024, up 10.9% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $237K | -15.4% |
| 2 Bedrooms | $627.2K | $587.5K | -6.3% |
| 3 Bedrooms | $805.4K | $717.5K | -10.9% |
| 4 Bedrooms | $1.3M | $969.5K | -26.8% |
| 5+ Bedrooms | $836.2K | $882.5K | +5.5% |
Summary: Northwest District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest District | $433K | $480K | +10.9% |
| Goldsmiths Addition | $673K | $715K | +6.2% |
| Couch's Addition | $352.5K | $360K | +2.1% |
Housing Supply in Northwest District, OR
How many homes are available in Northwest District, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 52 | +26.8% |
Summary: The Northwest District real estate market had 52 homes for sale in April 2024, a 26.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 21 | +16.7% |
| 2 Bedrooms | 18 | 24 | +33.3% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Northwest District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 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 Northwest District, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Northwest District in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Northwest District, OR
How long does it take to sell a home in Northwest District, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 80 Days | +53.1% |
Summary: Homes in Northwest District had an average of 80 days on market in Apr 2024, up by 53.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest District are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Northwest District; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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