Is Rockcreek, 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, Rockcreek has remained a Seller's Market.
Key Takeaway
Rockcreek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rockcreek, OR
How much do homes in Rockcreek, OR cost?
Median Sold Price
$648,331
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rockcreek have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Rockcreek was $648,331 in May 2024, up 5.8% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288K | $271K | -5.9% |
| 2 Bedrooms | $391.7K | $367.5K | -6.2% |
| 3 Bedrooms | $570K | $554.6K | -2.7% |
| 4 Bedrooms | $720.3K | $733K | +1.8% |
| 5+ Bedrooms | $925K | $929.9K | 0.5% |
Summary: Rockcreek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Rockcreek | $613K | $648.3K | +5.8% |
| Hillsboro | $514.5K | $537.6K | +4.5% |
| Beaverton-Hillsboro | $565.1K | $574.7K | +1.7% |
| Portland West | $621.9K | $630K | +1.3% |
| Beaverton | $534.9K | $534.8K | 0% |
Housing Supply in Rockcreek, OR
How many homes are available in Rockcreek, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 284 | 314 | +10.6% |
Summary: The Rockcreek real estate market had 314 homes for sale in May 2024, a 10.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 42 | 46 | +9.5% |
| 3 Bedrooms | 77 | 85 | +10.4% |
| 4 Bedrooms | 97 | 109 | +12.4% |
| 5+ Bedrooms | 63 | 70 | +11.1% |
Summary: The Rockcreek housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 59 | +9.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockcreek, you could pay more than the asking price. 39% of homes here sold above asking price last month.
Summary: A total of 59 homes were sold or pending in Rockcreek in May 2024, up by 9.3% month-over-month. Of the 59 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% were sold over asking.
Days on Market for Rockcreek, OR
How long does it take to sell a home in Rockcreek, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +62.3% |
Summary: Homes in Rockcreek had an average of 34 days on market in May 2024, up by 62.3% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rockcreek are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 59 homes were sold in Rockcreek; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.