$6,591 Closing Credit*
$555,000
1,296 SqFt
3 Beds
•2 Full Baths
Julie Halderman, Listing Office: United Real Estate Properties
Is Cottage Grove, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Cottage Grove was a Seller's Market.
Key Takeaway
Cottage Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cottage Grove, OR
How much do homes in Cottage Grove, OR cost?
Median Sold Price
$410,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,050(+9.6%)
Key Takeaway
Homes in Cottage Grove have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Cottage Grove was $410,000 in November 2024, up 9.6% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $181K | -48.3% |
| 2 Bedrooms | $300K | $315K | +5.0% |
| 3 Bedrooms | $370K | $379.2K | +2.5% |
| 4 Bedrooms | $460K | $493K | +7.2% |
| 5+ Bedrooms | $530K | $580K | +9.4% |
Summary: Cottage Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in Cottage Grove, OR
How many homes are available in Cottage Grove, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 65 | -25.3% |
Summary: The Cottage Grove real estate market had 65 homes for sale in November 2024, a 25.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 45 | 31 | -31.1% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cottage Grove housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 31.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 9 | -60.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cottage Grove, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cottage Grove in November 2024, down by 60.9% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Cottage Grove, OR
How long does it take to sell a home in Cottage Grove, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 85 Days | +51.0% |
Summary: Homes in Cottage Grove had an average of 85 days on market in Nov 2024, up by 51% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cottage Grove are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Cottage Grove; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.