Is Happy Valley, 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, Happy Valley has remained a Seller's Market.
Key Takeaway
Happy Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Happy Valley, OR
How much do homes in Happy Valley, OR cost?
Median Sold Price
$649,990
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Happy Valley have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Happy Valley was $649,990 in April 2024, down 7.2% 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 | $252.2K | $296K | +17.3% |
| 2 Bedrooms | $464.9K | $353.9K | -23.9% |
| 3 Bedrooms | $569.9K | $564.5K | -1.0% |
| 4 Bedrooms | $745.2K | $714.9K | -4.1% |
| 5+ Bedrooms | $882K | $865K | -1.9% |
Summary: Happy Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes decreased by 23.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Clackamas | $580K | $599.9K | +3.4% |
| Damascus | $660K | $670K | +1.5% |
| Northwest Clackamas | $620K | $625.4K | +0.9% |
| Portland East | $510.8K | $494.3K | -3.2% |
| Happy Valley | $700.2K | $649.9K | -7.2% |
Housing Supply in Happy Valley, OR
How many homes are available in Happy Valley, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 204 | 208 | +2.0% |
Summary: The Happy Valley real estate market had 208 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 74 | 79 | +6.8% |
| 4 Bedrooms | 94 | 85 | -9.6% |
| 5+ Bedrooms | 26 | 35 | +34.6% |
Summary: The Happy Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 34.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 48 | +20.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Happy Valley, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in Happy Valley in April 2024, up by 20.0% month-over-month. Of the 48 sold homes, 42% were sold under asking, 38% were sold at asking, and 21% were sold over asking.
Days on Market for Happy Valley, OR
How long does it take to sell a home in Happy Valley, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 105 Days | +126.6% |
Summary: Homes in Happy Valley had an average of 105 days on market in Apr 2024, up by 126.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Happy Valley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 48 homes were sold in Happy Valley; 44% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% 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.