Is Chehalem Mountains, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chehalem Mountains was a Seller's Market.
Housing Prices in Chehalem Mountains, OR
How much do homes in Chehalem Mountains, OR cost?
Median Sold Price
$805,500
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chehalem Mountains was $805,500 in May 2024, up 2.4% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $600K | $515K | -14.2% |
3 Bedrooms | $667.2K | $805K | +20.6% |
4 Bedrooms | $980K | $939.5K | -4.1% |
5+ Bedrooms | $1.1M | $752.2K | -36.3% |
Summary: Chehalem Mountains housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 36.3%.
Median Sold Price Compared To Nearby Cities
Cornelius | $475K | $500K | +5.3% |
Hillsboro | $514.5K | $537.6K | +4.5% |
Forest Grove-Cornelius | $510K | $523.4K | +2.6% |
Chehalem Mountains | $787K | $805.5K | +2.4% |
Beaverton-Hillsboro | $565.1K | $574.7K | +1.7% |
Housing Supply in Chehalem Mountains, OR
How many homes are available in Chehalem Mountains, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 14 | -12.5% |
Summary: The Chehalem Mountains real estate market had 14 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 4 | 2 | -50.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Chehalem Mountains housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Chehalem Mountains in May 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Chehalem Mountains, OR
How long does it take to sell a home in Chehalem Mountains, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
71 Days | 11 Days | -84.7% |
Summary: Homes in Chehalem Mountains had an average of 11 days on market in May 2024, down by 84.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Chehalem Mountains; 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.