$10,000 Closing Credit*
$1,199,900
4,001 SqFt
5 Beds
•4 Full Baths
Kip Johnson, Listing Office: Keller Williams Realty Portland Elite
Is Boring, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Boring has remained a Seller's Market.
Key Takeaway
Boring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boring, OR
How much do homes in Boring, OR cost?
Median Sold Price
$750,000
$367/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Boring has remained the same since last year.
Summary: The median home sold price in Boring was $750,000 in October 2024, the same as last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $618K | $800K | +29.4% |
| 2 Bedrooms | $498.5K | $600K | +20.4% |
| 3 Bedrooms | $630K | $750K | +19.0% |
| 4 Bedrooms | $805K | $850K | +5.6% |
| 5+ Bedrooms | $1.0M | $685K | -33.8% |
Summary: Boring housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 33.8%.
Housing Supply in Boring, OR
How many homes are available in Boring, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 18 | 0.0% |
Summary: The Boring real estate market had 18 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Boring housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boring, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Boring in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Boring, OR
How long does it take to sell a home in Boring, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 62 Days | -2.4% |
Summary: Homes in Boring had an average of 62 days on market in Oct 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
2 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 Boring are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Boring; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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