Is Forest Grove-Cornelius, 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, Forest Grove-Cornelius has remained a Seller's Market.
Housing Prices in Forest Grove-Cornelius, OR
How much do homes in Forest Grove-Cornelius, OR cost?
Median Sold Price
$524,480
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Forest Grove-Cornelius was $524,480 in April 2024, up 1.8% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $155K | -45.6% |
2 Bedrooms | $390K | $362.5K | -7.1% |
3 Bedrooms | $477K | $479.5K | 0.5% |
4 Bedrooms | $590K | $600K | +1.7% |
5+ Bedrooms | $682K | $663.7K | -2.7% |
Summary: Forest Grove-Cornelius housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.6%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 2.7%.
Median Sold Price Compared To Nearby Cities
Cornelius | $479.9K | $515.3K | +7.4% |
Forest Grove | $530K | $544K | +2.6% |
Forest Grove-Cornelius | $515K | $524.4K | +1.8% |
Chehalem Mountains | $819.4K | $795.2K | -3.0% |
North Plains | $565.5K | $542.9K | -4.0% |
Housing Supply in Forest Grove-Cornelius, OR
How many homes are available in Forest Grove-Cornelius, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
159 | 172 | +8.2% |
Summary: The Forest Grove-Cornelius real estate market had 172 homes for sale in April 2024, a 8.2% 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 | 10 | +233.3% |
3 Bedrooms | 90 | 96 | +6.7% |
4 Bedrooms | 39 | 39 | 0.0% |
5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Forest Grove-Cornelius 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 233.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 48 | +26.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Forest Grove-Cornelius in April 2024, up by 26.3% month-over-month. Of the 48 sold homes, 23% were sold under asking, 35% were sold at asking, and 42% were sold over asking.
Days on Market for Forest Grove-Cornelius, OR
How long does it take to sell a home in Forest Grove-Cornelius, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 52 Days | -16.3% |
Summary: Homes in Forest Grove-Cornelius had an average of 52 days on market in Apr 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Forest Grove-Cornelius; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.