Is Clackamas, 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, Clackamas has remained a Seller's Market.
Key Takeaway
Clackamas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Clackamas, OR
How much do homes in Clackamas, OR cost?
Median Sold Price
$590,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clackamas have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Clackamas was $590,000 in May 2024, up 1.7% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.5K | $210.2K | -4.2% |
| 2 Bedrooms | $282K | $415K | +47.2% |
| 3 Bedrooms | $545.8K | $565K | +3.5% |
| 4 Bedrooms | $625K | $649.3K | +3.9% |
| 5+ Bedrooms | $729.9K | $695.5K | -4.7% |
Summary: Clackamas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 47.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Damascus | $650K | $670K | +3.1% |
| Gladstone | $487K | $501.5K | +3.0% |
| Clackamas | $580K | $590K | +1.7% |
| Northwest Clackamas | $620.6K | $625.1K | +0.7% |
| Happy Valley | $691.9K | $651.7K | -5.8% |
Housing Supply in Clackamas, OR
How many homes are available in Clackamas, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 53 | +17.8% |
Summary: The Clackamas real estate market had 53 homes for sale in May 2024, a 17.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Clackamas 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 200%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clackamas, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Clackamas in May 2024, the same as the previous month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Clackamas, OR
How long does it take to sell a home in Clackamas, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 55 Days | +25.2% |
Summary: Homes in Clackamas had an average of 55 days on market in May 2024, up by 25.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clackamas are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Clackamas; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% 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.