$5,938 Closing Credit*
$500,000
1,901 SqFt
3 Beds
•2 Full Baths
Erin Ralston, Kelly Fontaine, Listing Office: Windermere RE Lane County
Is Creswell, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Creswell has remained a Seller's Market.
Key Takeaway
Creswell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Creswell, OR
How much do homes in Creswell, OR cost?
Median Sold Price
$445,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,000(-3.1%)
Key Takeaway
Homes in Creswell have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Creswell was $445,000 in November 2024, down 3.1% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $360K | N/A |
| 3 Bedrooms | $435K | $420K | -3.4% |
| 4 Bedrooms | $512.5K | $639.5K | +24.8% |
| 5+ Bedrooms | $975K | $650.7K | -33.3% |
Summary: Creswell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 33.3%.
Housing Supply in Creswell, OR
How many homes are available in Creswell, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The Creswell real estate market had 31 homes for sale in November 2024, a 8.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Creswell housing inventory by bedroom type for November 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 15%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Creswell, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Creswell in November 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Creswell, OR
How long does it take to sell a home in Creswell, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 38 Days | -28.6% |
Summary: Homes in Creswell had an average of 38 days on market in Nov 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Creswell has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Creswell; 38% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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