$5,225 Closing Credit*
$440,000
2 Beds
•2 Full Baths
Amit Amshalom, Listing Office: RE/MAX Equity Group
Is Foster-Powell, 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, Foster-Powell has remained a Seller's Market.
Key Takeaway
Foster-Powell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Foster-Powell, OR
How much do homes in Foster-Powell, OR cost?
Median Sold Price
$449,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-2.2%)
Key Takeaway
Homes in Foster-Powell have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Foster-Powell was $449,000 in November 2024, down 2.2% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.5K | $337.5K | +17.4% |
| 2 Bedrooms | $413K | $405K | -1.9% |
| 3 Bedrooms | $455.5K | $474.9K | +4.3% |
| 4 Bedrooms | $536K | $592K | +10.4% |
| 5+ Bedrooms | $827.5K | - | N/A |
Summary: Foster-Powell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Essex Park | $462.5K | $512K | +10.7% |
| Foster-Powell | $459K | $449K | -2.2% |
Housing Supply in Foster-Powell, OR
How many homes are available in Foster-Powell, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Summary: The Foster-Powell real estate market had 37 homes for sale in November 2024, a 2.6% 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 | 12 | 15 | +25.0% |
| 3 Bedrooms | 15 | 10 | -33.3% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Foster-Powell 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 increased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Foster-Powell, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Foster-Powell in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Foster-Powell, OR
How long does it take to sell a home in Foster-Powell, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 40 Days | +130.2% |
Summary: Homes in Foster-Powell had an average of 40 days on market in Nov 2024, up by 130.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Foster-Powell are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Foster-Powell; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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.