Is Gresham Butte, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gresham Butte has remained a Seller's Market.
Housing Prices in Gresham Butte, OR
How much do homes in Gresham Butte, OR cost?
Median Sold Price
$555,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gresham Butte was $555,000 in May 2024, up 0.9% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $390K | N/A |
3 Bedrooms | $516.1K | $506K | -2.0% |
4 Bedrooms | $584K | $597.5K | +2.3% |
5+ Bedrooms | $856.5K | $549.9K | -35.8% |
Summary: Gresham Butte housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 35.8%.
Housing Supply in Gresham Butte, OR
How many homes are available in Gresham Butte, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 27 | +17.4% |
Summary: The Gresham Butte real estate market had 27 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Gresham Butte housing inventory by bedroom type for May 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 30%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Gresham Butte in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Gresham Butte, OR
How long does it take to sell a home in Gresham Butte, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 52 Days | -20.8% |
Summary: Homes in Gresham Butte had an average of 52 days on market in May 2024, down by 20.8% 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
Summary: During May 2024, 5 homes were sold in Gresham Butte; 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.