Is Sherwood, 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, Sherwood has remained a Seller's Market.
Housing Prices in Sherwood, OR
How much do homes in Sherwood, OR cost?
Median Sold Price
$660,750
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sherwood was $660,750 in April 2024, up 10.5% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $278.4K | $264.9K | -4.8% |
2 Bedrooms | $400K | $332.5K | -16.9% |
3 Bedrooms | $527.5K | $565K | +7.1% |
4 Bedrooms | $700K | $729K | +4.1% |
5+ Bedrooms | $840K | $900K | +7.1% |
Summary: Sherwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Sherwood | $598.2K | $660.7K | +10.5% |
Beaverton-Hillsboro | $568.3K | $571.6K | +0.6% |
Tualatin | $631.8K | $635K | 0.5% |
Housing Supply in Sherwood, OR
How many homes are available in Sherwood, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 148 | +15.6% |
Summary: The Sherwood real estate market had 148 homes for sale in April 2024, a 15.6% 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 | 7 | +16.7% |
3 Bedrooms | 44 | 56 | +27.3% |
4 Bedrooms | 55 | 62 | +12.7% |
5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The Sherwood 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 16.7%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Sherwood in April 2024, up by 33.3% month-over-month. Of the 28 sold homes, 46% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Sherwood, OR
How long does it take to sell a home in Sherwood, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 52 Days | -6.3% |
Summary: Homes in Sherwood had an average of 52 days on market in Apr 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Sherwood; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.