Is Woodburn, 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, Woodburn has remained a Seller's Market.
Key Takeaway
Woodburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodburn, OR
How much do homes in Woodburn, OR cost?
Median Sold Price
$405,675
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Woodburn have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Woodburn was $405,675 in May 2024, down 6.7% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $227K | -7.3% |
| 2 Bedrooms | $305K | $320K | +4.9% |
| 3 Bedrooms | $444.2K | $434.9K | -2.1% |
| 4 Bedrooms | $478.4K | $489.9K | +2.4% |
| 5+ Bedrooms | $509.9K | $507.3K | -0.5% |
Summary: Woodburn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 0.5%.
Housing Supply in Woodburn, OR
How many homes are available in Woodburn, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 95 | +2.2% |
Summary: The Woodburn real estate market had 95 homes for sale in May 2024, a 2.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 47 | 44 | -6.4% |
| 3 Bedrooms | 21 | 28 | +33.3% |
| 4 Bedrooms | 21 | 18 | -14.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Woodburn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodburn, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Woodburn in May 2024, down by 27.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Woodburn, OR
How long does it take to sell a home in Woodburn, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 36 Days | -14.8% |
Summary: Homes in Woodburn had an average of 36 days on market in May 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodburn are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Woodburn; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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