Is Oregon City, 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, Oregon City was a Seller's Market.
Key Takeaway
Oregon City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oregon City, OR
How much do homes in Oregon City, OR cost?
Median Sold Price
$591,092
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oregon City have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Oregon City was $591,092 in March 2024, up 4.4% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.9K | $335K | +28.9% |
| 2 Bedrooms | $431K | $425K | -1.4% |
| 3 Bedrooms | $530K | $549K | +3.6% |
| 4 Bedrooms | $628K | $677.5K | +7.9% |
| 5+ Bedrooms | $750K | $719.9K | -4.0% |
Summary: Oregon City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 4%.
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% |
| Beavercreek | $727.2K | $687.7K | -5.4% |
Housing Supply in Oregon City, OR
How many homes are available in Oregon City, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 225 | 242 | +7.6% |
Summary: The Oregon City real estate market had 242 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 103 | 110 | +6.8% |
| 4 Bedrooms | 83 | 89 | +7.2% |
| 5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Oregon City 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 6.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 32 | -13.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oregon City, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Oregon City in March 2024, down by 13.5% month-over-month. Of the 32 sold homes, 44% were sold under asking, 9% were sold at asking, and 47% were sold over asking.
Days on Market for Oregon City, OR
How long does it take to sell a home in Oregon City, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 55 Days | +16.1% |
Summary: Homes in Oregon City had an average of 55 days on market in Mar 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oregon City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in Oregon City; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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