Is Sellwood Moreland, 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, Sellwood Moreland was a Seller's Market.
Key Takeaway
Sellwood Moreland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sellwood Moreland, OR
How much do homes in Sellwood Moreland, OR cost?
Median Sold Price
$636,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sellwood Moreland have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in Sellwood Moreland was $636,000 in April 2024, down 5.8% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368.9K | $350K | -5.1% |
| 2 Bedrooms | $543K | $526.3K | -3.1% |
| 3 Bedrooms | $702.2K | $660K | -6.0% |
| 4 Bedrooms | $895K | $829K | -7.4% |
| 5+ Bedrooms | $939.5K | $649.7K | -30.8% |
Summary: Sellwood Moreland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 30.8%.
Median Sold Price Compared To Nearby Neighborhoods
| City View Park | $811.5K | $849K | +4.6% |
| Sellwood Moreland | $674.9K | $636K | -5.8% |
Housing Supply in Sellwood Moreland, OR
How many homes are available in Sellwood Moreland, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 56 | +27.3% |
Summary: The Sellwood Moreland real estate market had 56 homes for sale in April 2024, a 27.3% 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 | 19 | 26 | +36.8% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Sellwood Moreland 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 36.8%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sellwood Moreland, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Sellwood Moreland in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Sellwood Moreland, OR
How long does it take to sell a home in Sellwood Moreland, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 9 Days | -69.5% |
Summary: Homes in Sellwood Moreland had an average of 9 days on market in Apr 2024, down by 69.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sellwood Moreland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Sellwood Moreland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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