Is Vernonia, 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, Vernonia has remained a Seller's Market.
Key Takeaway
Vernonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vernonia, OR
How much do homes in Vernonia, OR cost?
Median Sold Price
$401,575
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Vernonia have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Vernonia was $401,575 in April 2024, up 13.1% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $177.5K | +136.7% |
| 2 Bedrooms | $271.5K | $306K | +12.7% |
| 3 Bedrooms | $375K | $408.5K | +9.0% |
| 4 Bedrooms | $444K | $582.4K | +31.2% |
| 5+ Bedrooms | $479.9K | $579.7K | +20.8% |
Summary: Vernonia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 31.2%, and 5+ bedroom homes increased by 20.8%.
Housing Supply in Vernonia, OR
How many homes are available in Vernonia, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Summary: The Vernonia real estate market had 20 homes for sale in April 2024, a 53.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Vernonia 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 66.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vernonia, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Vernonia in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Vernonia, OR
How long does it take to sell a home in Vernonia, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 36 Days | -24.4% |
Summary: Homes in Vernonia had an average of 36 days on market in Apr 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Vernonia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Vernonia; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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