$4,750 Closing Credit*
$400,000
1,256 SqFt
2 Beds
•2 Full Baths
Megan Jumago-Simpson, Listing Office: Keller Williams Realty Professionals
Is Happy Valley, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Happy Valley was a Buyer's Market.
Key Takeaway
Happy Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Happy Valley, OR
How much do homes in Happy Valley, OR cost?
Median Sold Price
$659,980
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,980(+0.8%)
Key Takeaway
Homes in Happy Valley have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Happy Valley was $659,980 in November 2024, up 0.8% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.2K | $279K | +2.5% |
| 2 Bedrooms | $391.9K | $355.9K | -9.2% |
| 3 Bedrooms | $555.4K | $560K | +0.8% |
| 4 Bedrooms | $720K | $724.9K | +0.7% |
| 5+ Bedrooms | $862.5K | $826.7K | -4.1% |
Summary: Happy Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Damascus | $658.2K | $693.5K | +5.4% |
| Northwest Clackamas | $616.8K | $637.9K | +3.4% |
| Happy Valley | $655K | $659.9K | +0.8% |
| Portland East | $495.2K | $494.1K | -0.2% |
| Clackamas | $590K | $585K | -0.8% |
Housing Supply in Happy Valley, OR
How many homes are available in Happy Valley, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 215 | 205 | -4.7% |
Summary: The Happy Valley real estate market had 205 homes for sale in November 2024, a 4.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 80 | 74 | -7.5% |
| 4 Bedrooms | 83 | 71 | -14.5% |
| 5+ Bedrooms | 47 | 52 | +10.6% |
Summary: The Happy Valley 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 75%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 37 | -2.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Happy Valley, you may be able to get a good deal. 40.5% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Happy Valley in November 2024, down by 2.6% month-over-month. Of the 37 sold homes, 41% were sold under asking, 27% were sold at asking, and 32% were sold over asking.
Days on Market for Happy Valley, OR
How long does it take to sell a home in Happy Valley, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 57 Days | +79.3% |
Summary: Homes in Happy Valley had an average of 57 days on market in Nov 2024, up by 79.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Happy Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 37 homes were sold in Happy Valley; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 27% 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.