$6,709 Closing Credit*
$565,000
2,220 SqFt
5 Beds
•2 Full Baths
Eduardo Chanez, Listing Office: All Professionals Real Estate
Is Forest Grove-Cornelius, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Forest Grove-Cornelius has remained a Seller's Market.
Key Takeaway
Forest Grove-Cornelius is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Grove-Cornelius, OR
How much do homes in Forest Grove-Cornelius, OR cost?
Median Sold Price
$520,800
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$800(+0.2%)
Key Takeaway
The sold price of homes in Forest Grove-Cornelius has remained the same since last year.
Summary: The median home sold price in Forest Grove-Cornelius was $520,800 in October 2024, up 0.2% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | - | N/A |
| 2 Bedrooms | $374K | $399.9K | +6.9% |
| 3 Bedrooms | $473.6K | $495.5K | +4.6% |
| 4 Bedrooms | $599.9K | $581.1K | -3.1% |
| 5+ Bedrooms | $662.5K | $650K | -1.9% |
Summary: Forest Grove-Cornelius 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 6.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| North Plains | $540.7K | $599.4K | +10.9% |
| Cornelius | $488K | $514.5K | +5.4% |
| Forest Grove-Cornelius | $520K | $520.8K | 0.2% |
| Chehalem Mountains | $811K | $799.5K | -1.4% |
| Forest Grove | $544.9K | $535K | -1.8% |
Housing Supply in Forest Grove-Cornelius, OR
How many homes are available in Forest Grove-Cornelius, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 165 | +2.5% |
Summary: The Forest Grove-Cornelius real estate market had 165 homes for sale in October 2024, a 2.5% 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 | 9 | 13 | +44.4% |
| 3 Bedrooms | 77 | 81 | +5.2% |
| 4 Bedrooms | 55 | 48 | -12.7% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Forest Grove-Cornelius 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 increased by 44.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 34 | +6.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Grove-Cornelius, expect to pay close to the asking price. 58.8% of homes here sold near the asking price last month.
Summary: A total of 34 homes were sold or pending in Forest Grove-Cornelius in October 2024, up by 6.3% month-over-month. Of the 34 sold homes, 15% were sold under asking, 59% were sold at asking, and 26% were sold over asking.
Days on Market for Forest Grove-Cornelius, OR
How long does it take to sell a home in Forest Grove-Cornelius, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 43 Days | +1.3% |
Summary: Homes in Forest Grove-Cornelius had an average of 43 days on market in Oct 2024, up by 1.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Grove-Cornelius are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in Forest Grove-Cornelius; 65% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 21% 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.