Is Redland, 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, Redland has remained a Neutral Market.
Key Takeaway
Redland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Redland, OR
How much do homes in Redland, OR cost?
Median Sold Price
$743,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Redland have sold for 8% less than they did a year ago.
Summary: The median home sold price in Redland was $743,000 in May 2024, down 8% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $658K | $426.5K | -35.2% |
| 3 Bedrooms | $703K | $686K | -2.4% |
| 4 Bedrooms | $877.5K | $951K | +8.4% |
| 5+ Bedrooms | $865K | $821.5K | -5.0% |
Summary: Redland 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 35.2%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Cities
| Beavercreek | $693K | $765K | +10.4% |
| Eagle Creek | $732.5K | $782.5K | +6.8% |
| Damascus | $650K | $670K | +3.1% |
| Northwest Clackamas | $620.6K | $625.1K | +0.7% |
| Redland | $807.5K | $743K | -8.0% |
Housing Supply in Redland, OR
How many homes are available in Redland, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 27 | +22.7% |
Summary: The Redland real estate market had 27 homes for sale in May 2024, a 22.7% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 9 | +50.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Redland 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redland, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Redland in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Redland, OR
How long does it take to sell a home in Redland, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 33 Days | +187.1% |
Summary: Homes in Redland had an average of 33 days on market in May 2024, up by 187.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Redland; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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