Is Parkrose, 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, Parkrose was a Buyer's Market.
Key Takeaway
Parkrose is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkrose, OR
How much do homes in Parkrose, OR cost?
Median Sold Price
$414,375
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Parkrose have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in Parkrose was $414,375 in April 2024, down 5.8% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $324K | +15.7% |
| 2 Bedrooms | $394.9K | $389.5K | -1.4% |
| 3 Bedrooms | $409.5K | $442K | +7.9% |
| 4 Bedrooms | $530K | $659.5K | +24.4% |
| 5+ Bedrooms | $553.5K | $1.0M | +85.4% |
Summary: Parkrose housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 85.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Parkrose Addition | $457K | $474.9K | +3.9% |
| Parkrose | $440K | $414.3K | -5.8% |
Housing Supply in Parkrose, OR
How many homes are available in Parkrose, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Summary: The Parkrose real estate market had 33 homes for sale in April 2024, a 3.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Parkrose 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 remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkrose, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Parkrose in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Parkrose, OR
How long does it take to sell a home in Parkrose, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 91 Days | +1727.5% |
Summary: Homes in Parkrose had an average of 91 days on market in Apr 2024, up by 1727.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Parkrose are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Parkrose; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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