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 neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Oregon City was a Seller's Market.

Key Takeaway

Oregon City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Oregon City, OR

How much do homes in Oregon City, OR cost?

Median Sold Price

$589,100

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,100(+4.3%)

Key Takeaway

Homes in Oregon City have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Oregon City was $589,100 in February 2024, up 4.3% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $259.9K$335K
+28.9%
2 $427.5K$428K
0.1%
3 $530K$543.4K
+2.5%
4 $625K$670K
+7.2%
5+ $749.9K$724K
-3.5%

Summary: Oregon City housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 3.5%.

Median Sold Price Compared To Nearby Cities

Oregon City
+4.3%
West Linn
+2.2%
Northwest Clackamas
-0.5%
Beavercreek
-2.1%
Gladstone
-2.9%

Housing Supply in Oregon City, OR

How many homes are available in Oregon City, OR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
224219-2.2%

Summary: The Oregon City real estate market had 219 homes for sale in February 2024, a 2.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1615
-6.3%
3 10398
-4.9%
4 8383
0.0%
5+ 2223
+4.5%

Summary: The Oregon City housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3236+12.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

9 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. 41.7% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Oregon City in February 2024, up by 12.5% month-over-month. Of the 36 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% 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

Feb 2023Feb 2024CHANGE
50 Days57 Days+12.3%

Summary: Homes in Oregon City had an average of 57 days on market in Feb 2024, up by 12.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Oregon City has remained consistent over time.

Summary: During February 2024, 36 homes were sold in Oregon City; 36% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 22% 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 27 Days Ago

Newest Listings in Oregon City, OR

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