Is River Road Community, 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, River Road Community was a Seller's Market.
Key Takeaway
River Road Community is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in River Road Community, OR
How much do homes in River Road Community, OR cost?
Median Sold Price
$419,500
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in River Road Community has remained the same since last year.
Summary: The median home sold price in River Road Community was $419,500 in April 2024, down 0.1% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $376.5K | $350.7K | -6.8% |
| 3 Bedrooms | $412.5K | $415.2K | +0.7% |
| 4 Bedrooms | $479.9K | $485K | +1.0% |
| 5+ Bedrooms | $513.1K | $525K | +2.3% |
Summary: River Road Community housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in River Road Community, OR
How many homes are available in River Road Community, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The River Road Community real estate market had 22 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The River Road Community 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 increased by 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Road Community, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in River Road Community in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for River Road Community, OR
How long does it take to sell a home in River Road Community, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 19 Days | -69.8% |
Summary: Homes in River Road Community had an average of 19 days on market in Apr 2024, down by 69.8% 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 River Road Community are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in River Road Community; 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.
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