Is Sweet Home, 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, Sweet Home was a Seller's Market.
Key Takeaway
Sweet Home is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sweet Home, OR
How much do homes in Sweet Home, OR cost?
Median Sold Price
$349,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sweet Home have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Sweet Home was $349,000 in March 2024, up 5.8% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232K | - | N/A |
| 2 Bedrooms | $255K | $250K | -2.0% |
| 3 Bedrooms | $335K | $350K | +4.5% |
| 4 Bedrooms | $399K | $376.7K | -5.6% |
| 5+ Bedrooms | $425K | $465K | +9.4% |
Summary: Sweet Home housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in Sweet Home, OR
How many homes are available in Sweet Home, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 52 | -3.7% |
Summary: The Sweet Home real estate market had 52 homes for sale in March 2024, a 3.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 36 | 34 | -5.6% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sweet Home 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 remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sweet Home, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sweet Home in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Sweet Home, OR
How long does it take to sell a home in Sweet Home, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 17 Days | -80.0% |
Summary: Homes in Sweet Home had an average of 17 days on market in Mar 2024, down by 80% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sweet Home are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Sweet Home; 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.