Is Northwest 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, 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
$625,162
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northwest Clackamas was $625,162 in May 2024, up 0.7% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $267.4K | $257.5K | -3.7% |
2 Bedrooms | $400K | $408K | +2.0% |
3 Bedrooms | $550.9K | $555.8K | +0.9% |
4 Bedrooms | $730K | $738.7K | +1.2% |
5+ Bedrooms | $865K | $900K | +4.0% |
Summary: Northwest Clackamas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Oregon City | $558.8K | $600K | +7.4% |
Gladstone | $487K | $501.5K | +3.0% |
Northwest Clackamas | $620.6K | $625.1K | +0.7% |
West Linn | $776.7K | $776.4K | 0% |
Housing Supply in Northwest Clackamas, OR
How many homes are available in Northwest Clackamas, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,088 | 1,186 | +9.0% |
Summary: The Northwest Clackamas real estate market had 1,186 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 14 | -6.7% |
2 Bedrooms | 95 | 105 | +10.5% |
3 Bedrooms | 398 | 434 | +9.0% |
4 Bedrooms | 420 | 451 | +7.4% |
5+ Bedrooms | 160 | 182 | +13.8% |
Summary: The Northwest Clackamas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
273 | 261 | -4.4% |
Asking Price vs. Sold Price
90 Homes Were Sold
Under Asking
71 Homes Were Sold
At Asking
100 Homes Were Sold
Over Asking
Summary: A total of 261 homes were sold or pending in Northwest Clackamas in May 2024, down by 4.4% month-over-month. Of the 261 sold homes, 34% were sold under asking, 27% were sold at asking, and 38% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 30 Days | +9.0% |
Summary: Homes in Northwest Clackamas had an average of 30 days on market in May 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
198 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During May 2024, 261 homes were sold in Northwest Clackamas; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.