Is Lake Oswego, 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, Lake Oswego has remained a Seller's Market.
Housing Prices in Lake Oswego, OR
How much do homes in Lake Oswego, OR cost?
Median Sold Price
$888,666
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Oswego was $888,666 in April 2024, up 2.1% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $238.1K | $230K | -3.4% |
2 Bedrooms | $387K | $400K | +3.4% |
3 Bedrooms | $780K | $756.1K | -3.1% |
4 Bedrooms | $1.2M | $1.2M | +0.6% |
5+ Bedrooms | $1.3M | $1.6M | +17.9% |
Summary: Lake Oswego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Cities
Lake Oswego | $870K | $888.6K | +2.1% |
West Linn | $775K | $789.6K | +1.9% |
Northwest Clackamas | $620K | $625.4K | +0.9% |
Tualatin | $631.8K | $635K | 0.5% |
Housing Supply in Lake Oswego, OR
How many homes are available in Lake Oswego, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
264 | 296 | +12.1% |
Summary: The Lake Oswego real estate market had 296 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 32 | 48 | +50.0% |
3 Bedrooms | 80 | 85 | +6.3% |
4 Bedrooms | 107 | 115 | +7.5% |
5+ Bedrooms | 39 | 41 | +5.1% |
Summary: The Lake Oswego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 5.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 72 | +28.6% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 72 homes were sold or pending in Lake Oswego in April 2024, up by 28.6% month-over-month. Of the 72 sold homes, 57% were sold under asking, 21% were sold at asking, and 22% were sold over asking.
Days on Market for Lake Oswego, OR
How long does it take to sell a home in Lake Oswego, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 42 Days | +4.2% |
Summary: Homes in Lake Oswego had an average of 42 days on market in Apr 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 72 homes were sold in Lake Oswego; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.