Is Oakridge, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakridge is a buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, Oakridge has remained a Buyer's Market.

Key Takeaway

Oakridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Oakridge, OR

How much do homes in Oakridge, OR cost?

Median Sold Price

$274,999

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,999(+3.8%)

Key Takeaway

Homes in Oakridge have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Oakridge was $274,999 in March 2024, up 3.8% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $229K$247.8K
+8.2%
3 $299K$279.9K
-6.4%
4 $320K$339.9K
+6.2%
5+ -$259K
N/A

Summary: Oakridge 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 increased by 8.2%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.

Housing Supply in Oakridge, OR

How many homes are available in Oakridge, OR?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3943+10.3%

Summary: The Oakridge real estate market had 43 homes for sale in March 2024, a 10.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 2427
+12.5%
4 44
0.0%
5+ 44
0.0%

Summary: The Oakridge 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 increased by 14.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakridge, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Oakridge in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Oakridge, OR

How long does it take to sell a home in Oakridge, OR?

Average Sale Time

Mar 2023Mar 2024CHANGE
3 Days120 Days+3900.0%

Summary: Homes in Oakridge had an average of 120 days on market in Mar 2024, up by 3900% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Oakridge are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in Oakridge; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Oakridge, OR

Nearby Markets to Oakridge, OR