Is Troutdale, 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, Troutdale was a Seller's Market.
Key Takeaway
Troutdale 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 Troutdale, OR
How much do homes in Troutdale, OR cost?
Median Sold Price
$465,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Troutdale have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Troutdale was $465,000 in March 2024, down 3.1% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $380K | $485K | +27.6% |
| 3 Bedrooms | $460K | $454.5K | -1.2% |
| 4 Bedrooms | $520K | $510K | -1.9% |
| 5+ Bedrooms | $535K | $507.5K | -5.1% |
Summary: Troutdale 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 increased by 27.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in Troutdale, OR
How many homes are available in Troutdale, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 61 | +17.3% |
Summary: The Troutdale real estate market had 61 homes for sale in March 2024, a 17.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 15 | 22 | +46.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Troutdale 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 increased by 2.9%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Troutdale, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Troutdale in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% were sold over asking.
Days on Market for Troutdale, OR
How long does it take to sell a home in Troutdale, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 25 Days | -47.7% |
Summary: Homes in Troutdale had an average of 25 days on market in Mar 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Troutdale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Troutdale; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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.