Is Redland, 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, Redland was a Seller's Market.
Key Takeaway
Redland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Redland, OR
How much do homes in Redland, OR cost?
Median Sold Price
$743,000
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Redland have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Redland was $743,000 in March 2024, down 6.8% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $658K | $426.5K | -35.2% |
| 3 Bedrooms | $713K | $690K | -3.2% |
| 4 Bedrooms | $880K | $774.9K | -11.9% |
| 5+ Bedrooms | $850K | $886.5K | +4.3% |
Summary: Redland 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 decreased by 35.2%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 11.9%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Damascus | $660K | $667.5K | +1.1% |
| Northwest Clackamas | $620.9K | $625.1K | +0.7% |
| Beavercreek | $727.2K | $687.7K | -5.4% |
| Redland | $797.5K | $743K | -6.8% |
Housing Supply in Redland, OR
How many homes are available in Redland, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 29 | -12.1% |
Summary: The Redland real estate market had 29 homes for sale in March 2024, a 12.1% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Redland 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redland, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Redland in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Redland, OR
How long does it take to sell a home in Redland, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 75 Days | +94.0% |
Summary: Homes in Redland had an average of 75 days on market in Mar 2024, up by 94% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Redland are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Redland; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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