$10,000 Closing Credit*
$1,200,000
3,684 SqFt
5 Beds
•3 Full Baths
Jenna Jordan, Corey Scribner, Listing Office: RE/MAX Equity Group
Is Chehalem Mountains, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Chehalem Mountains was a Seller's Market.
Key Takeaway
Chehalem Mountains 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 Chehalem Mountains, OR
How much do homes in Chehalem Mountains, OR cost?
Median Sold Price
$799,500
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,500(-1.4%)
Key Takeaway
Homes in Chehalem Mountains have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Chehalem Mountains was $799,500 in October 2024, down 1.4% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $350K | $414.9K | +18.6% |
| 3 Bedrooms | $811K | $799K | -1.5% |
| 4 Bedrooms | $822K | $900K | +9.5% |
| 5+ Bedrooms | $960K | $902.2K | -6.0% |
Summary: Chehalem Mountains housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| Cornelius | $488K | $514.5K | +5.4% |
| Beaverton-Hillsboro | $559K | $579.9K | +3.7% |
| Hillsboro | $517.8K | $536.7K | +3.7% |
| Forest Grove-Cornelius | $520K | $520.8K | 0.2% |
| Chehalem Mountains | $811K | $799.5K | -1.4% |
Housing Supply in Chehalem Mountains, OR
How many homes are available in Chehalem Mountains, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Chehalem Mountains real estate market had 26 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Chehalem Mountains 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 increased by 80%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chehalem Mountains, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Chehalem Mountains in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Chehalem Mountains, OR
How long does it take to sell a home in Chehalem Mountains, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 36 Days | -14.5% |
Summary: Homes in Chehalem Mountains had an average of 36 days on market in Oct 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chehalem Mountains has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Chehalem Mountains; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% 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.