Is Oakridge, 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, Oakridge has remained a Buyer's Market.
Key Takeaway
Oakridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oakridge, OR
How much do homes in Oakridge, OR cost?
Median Sold Price
$274,999
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oakridge have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Oakridge was $274,999 in April 2024, up 6.8% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $222K | $247.8K | +11.6% |
| 3 Bedrooms | $295K | $279.9K | -5.1% |
| 4 Bedrooms | $320K | $339.9K | +6.2% |
| 5+ Bedrooms | - | $259K | N/A |
Summary: Oakridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes did not change.
Housing Supply in Oakridge, OR
How many homes are available in Oakridge, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Summary: The Oakridge real estate market had 23 homes for sale in April 2024, a 15.0% 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oakridge 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 decreased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakridge, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Oakridge in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Oakridge, OR
How long does it take to sell a home in Oakridge, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 49 Days | -26.3% |
Summary: Homes in Oakridge had an average of 49 days on market in Apr 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oakridge has remained consistent over time.
Summary: During April 2024, 1 homes were sold in Oakridge; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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