Is River Terrace, 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, River Terrace has remained a Buyer's Market.
Key Takeaway
River Terrace is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in River Terrace, OR
How much do homes in River Terrace, OR cost?
Median Sold Price
$700,540
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in River Terrace have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in River Terrace was $700,540 in April 2024, up 9.5% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288K | $275K | -4.5% |
| 2 Bedrooms | $419K | $375.2K | -10.4% |
| 3 Bedrooms | $615K | $729K | +18.5% |
| 4 Bedrooms | $813.7K | $775K | -4.8% |
| 5+ Bedrooms | $833K | $778.9K | -6.5% |
Summary: River Terrace housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes increased by 18.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Neighborhoods
| River Terrace | $640K | $700.5K | +9.5% |
| Arbor Pointe | $709.5K | $672K | -5.3% |
Housing Supply in River Terrace, OR
How many homes are available in River Terrace, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 74 | 81 | +9.5% |
Summary: The River Terrace real estate market had 81 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The River Terrace 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 increased by 28.6%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Terrace, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in River Terrace in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for River Terrace, OR
How long does it take to sell a home in River Terrace, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 75 Days | 31 Days | -58.5% |
Summary: Homes in River Terrace had an average of 31 days on market in Apr 2024, down by 58.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in River Terrace are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in River Terrace; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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