$190,000
0.23 Acres
Land
Kurt Clements, Listing Office: ListWithFreedom.com
Is Creswell, 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, Creswell was a Seller's Market.
Key Takeaway
Creswell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Creswell, OR
How much do homes in Creswell, OR cost?
Median Sold Price
$450,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,000(-2.6%)
Key Takeaway
Homes in Creswell have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Creswell was $450,000 in October 2024, down 2.6% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $360K | N/A |
| 3 Bedrooms | $437.5K | $429.5K | -1.8% |
| 4 Bedrooms | $525K | $635K | +21.0% |
| 5+ Bedrooms | $975K | $650.7K | -33.3% |
Summary: Creswell 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 did not change, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 21%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Creswell real estate market had 34 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Creswell 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 decreased by 8.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Creswell, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Creswell in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 25 Days | +15.5% |
Summary: Homes in Creswell had an average of 25 days on market in Oct 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Creswell are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Creswell; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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