Is Cathedral Park, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cathedral Park is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Cathedral Park has remained a Seller's Market.

Key Takeaway

Cathedral Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cathedral Park, OR

How much do homes in Cathedral Park, OR cost?

Median Sold Price

$408,250

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$39,250(+10.6%)

Key Takeaway

Homes in Cathedral Park have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Cathedral Park was $408,250 in December 2024, up 10.6% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $280.7K$297K
+5.8%
2 $340K$329.9K
-3.0%
3 $462K$510K
+10.4%
4 $605K$610K
+0.8%
5+ $900K$799.5K
-11.2%

Summary: Cathedral Park housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 11.2%.

Housing Supply in Cathedral Park, OR

How many homes are available in Cathedral Park, OR?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3631-13.9%

Summary: The Cathedral Park real estate market had 31 homes for sale in December 2024, a 13.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 1515
0.0%
3 1210
-16.7%
4 63
-50.0%
5+ 00
0.0%

Summary: The Cathedral Park housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cathedral Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Cathedral Park in December 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Cathedral Park, OR

How long does it take to sell a home in Cathedral Park, OR?

Average Sale Time

Dec 2023Dec 2024CHANGE
40 Days32 Days-19.7%

Summary: Homes in Cathedral Park had an average of 32 days on market in Dec 2024, down by 19.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cathedral Park are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in Cathedral Park; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

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