$3,325 Closing Credit*
$280,000
1,382 SqFt
3 Beds
•1 Full Bath
Kimber Best, Listing Office: ICON Real Estate Group
Is Gateway, 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, Gateway has remained a Seller's Market.
Key Takeaway
Gateway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gateway, OR
How much do homes in Gateway, OR cost?
Median Sold Price
$350,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+0.9%)
Key Takeaway
Homes in Gateway have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Gateway was $350,000 in November 2024, up 0.9% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $246.3K | N/A |
| 2 Bedrooms | $230K | $261.4K | +13.7% |
| 3 Bedrooms | $389K | $383K | -1.5% |
| 4 Bedrooms | $324.9K | $560K | +72.4% |
| 5+ Bedrooms | - | $415K | N/A |
Summary: Gateway 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 increased by 13.7%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 72.4%, and 5+ bedroom homes did not change.
Housing Supply in Gateway, OR
How many homes are available in Gateway, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Summary: The Gateway real estate market had 10 homes for sale in November 2024, a 33.3% 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 | 8 | 6 | -25.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Gateway 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 decreased by 25%, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gateway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Gateway in November 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Gateway, OR
How long does it take to sell a home in Gateway, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 21 Days | -62.4% |
Summary: Homes in Gateway had an average of 21 days on market in Nov 2024, down by 62.4% 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 Gateway are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Gateway; 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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