Is Northwest Heights / Forest Heights, 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 Heights / Forest Heights was a Seller's Market.
Key Takeaway
Northwest Heights / Forest Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest Heights / Forest Heights, OR
How much do homes in Northwest Heights / Forest Heights, OR cost?
Median Sold Price
$895,000
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northwest Heights / Forest Heights have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Northwest Heights / Forest Heights was $895,000 in April 2024, down 3.7% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $485K | $455K | -6.2% |
| 3 Bedrooms | $640K | $600K | -6.3% |
| 4 Bedrooms | $1.0M | $949.5K | -9.7% |
| 5+ Bedrooms | $1.1M | $1.1M | -3.6% |
Summary: Northwest Heights / Forest Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 3.6%.
Housing Supply in Northwest Heights / Forest Heights, OR
How many homes are available in Northwest Heights / Forest Heights, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 64 | +25.5% |
Summary: The Northwest Heights / Forest Heights real estate market had 64 homes for sale in April 2024, a 25.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 16 | 23 | +43.8% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The Northwest Heights / Forest Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Heights / Forest Heights, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Northwest Heights / Forest Heights in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Northwest Heights / Forest Heights, OR
How long does it take to sell a home in Northwest Heights / Forest Heights, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 69 Days | +107.2% |
Summary: Homes in Northwest Heights / Forest Heights had an average of 69 days on market in Apr 2024, up by 107.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Heights / Forest Heights are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Northwest Heights / Forest Heights; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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