Is Rhododendron, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rhododendron has remained a Seller's Market.
Key Takeaway
Rhododendron is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rhododendron, OR
How much do homes in Rhododendron, OR cost?
Median Sold Price
$475,000
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rhododendron have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in Rhododendron was $475,000 in April 2024, down 7.8% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317K | $290K | -8.5% |
| 2 Bedrooms | $453.2K | $430K | -5.1% |
| 3 Bedrooms | $589.3K | $602K | +2.2% |
| 4 Bedrooms | $479K | $785K | +63.9% |
| 5+ Bedrooms | $1.1M | - | N/A |
Summary: Rhododendron housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.5%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 63.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mount Hood | $607K | $606K | -0.2% |
| Rhododendron | $515K | $475K | -7.8% |
| Welches | $563K | $422.7K | -24.9% |
Housing Supply in Rhododendron, OR
How many homes are available in Rhododendron, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The Rhododendron real estate market had 13 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Rhododendron housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
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 Rhododendron, 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 Rhododendron in April 2024, the same as the previous 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 Rhododendron, OR
How long does it take to sell a home in Rhododendron, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 75 Days | 18 Days | -75.1% |
Summary: Homes in Rhododendron had an average of 18 days on market in Apr 2024, down by 75.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rhododendron are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Rhododendron; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.