Is Gladstone, 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, Gladstone has remained a Seller's Market.
Key Takeaway
Gladstone is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gladstone, OR
How much do homes in Gladstone, OR cost?
Median Sold Price
$497,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Gladstone has remained the same since last year.
Summary: The median home sold price in Gladstone was $497,500 in April 2024, down 0.5% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330.7K | - | N/A |
| 2 Bedrooms | $409.7K | $375K | -8.5% |
| 3 Bedrooms | $477.5K | $486K | +1.8% |
| 4 Bedrooms | $573K | $558.5K | -2.5% |
| 5+ Bedrooms | $550K | $610.5K | +11.0% |
Summary: Gladstone 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 decreased by 8.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Cities
| Oregon City | $565K | $596K | +5.5% |
| Clackamas | $580K | $599.9K | +3.4% |
| Northwest Clackamas | $620K | $625.4K | +0.9% |
| Gladstone | $500K | $497.5K | -0.5% |
Housing Supply in Gladstone, OR
How many homes are available in Gladstone, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Gladstone real estate market had 27 homes for sale in April 2024, a 8.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Gladstone 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gladstone, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Gladstone in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Gladstone, OR
How long does it take to sell a home in Gladstone, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 19 Days | 7 Days | -59.6% |
Summary: Homes in Gladstone had an average of 7 days on market in Apr 2024, down by 59.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gladstone are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Gladstone; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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