Is Sherwood, 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, Sherwood was a Seller's Market.
Key Takeaway
Sherwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sherwood, OR
How much do homes in Sherwood, OR cost?
Median Sold Price
$663,250
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sherwood have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Sherwood was $663,250 in March 2024, up 10.9% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $264.9K | -11.7% |
| 2 Bedrooms | $366.7K | $339K | -7.6% |
| 3 Bedrooms | $525K | $565K | +7.6% |
| 4 Bedrooms | $708.5K | $740K | +4.4% |
| 5+ Bedrooms | $835K | $933.5K | +11.8% |
Summary: Sherwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
| Sherwood | $598.1K | $663.2K | +10.9% |
| Tualatin | $633.5K | $633.7K | 0.0% |
| Beaverton-Hillsboro | $574K | $573K | -0.2% |
Housing Supply in Sherwood, OR
How many homes are available in Sherwood, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 172 | 177 | +2.9% |
Summary: The Sherwood real estate market had 177 homes for sale in March 2024, a 2.9% increase 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 | 14 | 9 | -35.7% |
| 3 Bedrooms | 62 | 64 | +3.2% |
| 4 Bedrooms | 75 | 79 | +5.3% |
| 5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The Sherwood 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 decreased by 35.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sherwood, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Sherwood in March 2024, down by 17.4% month-over-month. Of the 19 sold homes, 42% were sold under asking, 42% were sold at asking, and 16% were sold over asking.
Days on Market for Sherwood, OR
How long does it take to sell a home in Sherwood, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 57 Days | +84.5% |
Summary: Homes in Sherwood had an average of 57 days on market in Mar 2024, up by 84.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sherwood are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Sherwood; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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