Is Northwest Clackamas, 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, Northwest Clackamas has remained a Seller's Market.
Housing Prices in Northwest Clackamas, OR
How much do homes in Northwest Clackamas, OR cost?
Median Sold Price
$625,496
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest Clackamas was $625,496 in April 2024, up 0.9% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $251.2K | -3.4% |
2 Bedrooms | $405K | $408K | +0.7% |
3 Bedrooms | $555K | $554K | -0.2% |
4 Bedrooms | $735K | $744.2K | +1.3% |
5+ Bedrooms | $867.5K | $902.3K | +4.0% |
Summary: Northwest Clackamas 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 0.7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Oregon City | $565K | $596K | +5.5% |
West Linn | $775K | $789.6K | +1.9% |
Northwest Clackamas | $620K | $625.4K | +0.9% |
Gladstone | $500K | $497.5K | -0.5% |
Housing Supply in Northwest Clackamas, OR
How many homes are available in Northwest Clackamas, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
925 | 1,029 | +11.2% |
Summary: The Northwest Clackamas real estate market had 1,029 homes for sale in April 2024, a 11.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 14 | +27.3% |
2 Bedrooms | 82 | 90 | +9.8% |
3 Bedrooms | 348 | 379 | +8.9% |
4 Bedrooms | 360 | 395 | +9.7% |
5+ Bedrooms | 124 | 151 | +21.8% |
Summary: The Northwest Clackamas housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 21.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
216 | 265 | +22.7% |
Asking Price vs. Sold Price
116 Homes Were Sold
Under Asking
62 Homes Were Sold
At Asking
87 Homes Were Sold
Over Asking
Summary: A total of 265 homes were sold or pending in Northwest Clackamas in April 2024, up by 22.7% month-over-month. Of the 265 sold homes, 44% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
Days on Market for Northwest Clackamas, OR
How long does it take to sell a home in Northwest Clackamas, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 47 Days | +47.3% |
Summary: Homes in Northwest Clackamas had an average of 47 days on market in Apr 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
172 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Summary: During April 2024, 265 homes were sold in Northwest Clackamas; 65% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.