Is Oregon City, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oregon City is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Oregon City has remained a Seller's Market.

Key Takeaway

Oregon City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Oregon City, OR cost?

Median Sold Price

$536,816

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$57,066(+11.9%)

Key Takeaway

Homes in Oregon City have sold for 11.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $327.5K$307.4K
-6.1%
2 $360.7K$398K
+10.3%
3 $450K$521.6K
+15.9%
4 $544.5K$600K
+10.2%
5+ $610K$682.5K
+11.9%

Median Sold Price Compared To Nearby Cities

Beavercreek
+27.5%
West Linn
+15.2%
Oregon City
+11.9%
Northwest Clackamas
+9.5%
Gladstone
+8.9%

How many homes are available in Oregon City, OR?

Number of Homes For Sale

Jul 2022Aug 2022%
157145-7.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 21
-50.0%
2 1917
-10.5%
3 7165
-8.5%
4 5754
-5.3%
5+ 88
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
4637-19.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oregon City, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
11 Days19 Days+71.8%

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oregon City are selling fast, if you're buying plan to act quickly.

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

About Oregon City, OR

Number of homes for sale in Oregon City, OR real estate market have reached 145. The inventory of homes for sale in Oregon City, OR between July 2022 and August 2022 decreased by 7.6%. While the average time on the market in August 2022 was 19 days, the median list price was $536,816. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went down by 6.1%, 2 bedrooms properties prices increased by 10.3%, the cost of 3 bedrooms properties went up by 15.9%, 4 bedrooms properties became 10.2% more expensive, 5 bedrooms properties prices increased by 11.9%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 50% less available, the quantity of 2 bedrooms homes went down by 10.5%, 3 bedrooms homes inventory decreased by 8.5%, the quantity of 4 bedrooms homes went down by 5.3%, the quantity of 5 bedrooms homes have not changed. While more than 15 listings in Oregon City, OR in August 2022 were sold above asking price, there were more than 7 listings sold at asking price, and more than 15 were sold below.

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