Is Woodburn, 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, Woodburn has remained a Seller's Market.
Key Takeaway
Woodburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodburn, OR
How much do homes in Woodburn, OR cost?
Median Sold Price
$400,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Woodburn have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in Woodburn was $400,000 in April 2024, down 8.2% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $188.7K | -23.0% |
| 2 Bedrooms | $305K | $315K | +3.3% |
| 3 Bedrooms | $445.4K | $431.3K | -3.2% |
| 4 Bedrooms | $475.4K | $490.9K | +3.3% |
| 5+ Bedrooms | $509.9K | $507.3K | -0.5% |
Summary: Woodburn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in Woodburn, OR
How many homes are available in Woodburn, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 87 | +10.1% |
Summary: The Woodburn real estate market had 87 homes for sale in April 2024, a 10.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 40 | 46 | +15.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Woodburn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodburn, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Woodburn in April 2024, up by 53.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 35% were sold at asking, and 25% were sold over asking.
Days on Market for Woodburn, OR
How long does it take to sell a home in Woodburn, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 55 Days | -14.5% |
Summary: Homes in Woodburn had an average of 55 days on market in Apr 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodburn are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in Woodburn; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.