$4,749 Closing Credit*
$399,900
1,536 SqFt
3 Beds
•2 Full Baths
KayCee Mogel, Listing Office: John L. Scott Sandy
Is Happy Valley, 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, Happy Valley was a Seller's Market.
Key Takeaway
Happy Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Happy Valley, OR
How much do homes in Happy Valley, OR cost?
Median Sold Price
$658,935
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,049(-0.2%)
Key Takeaway
The sold price of homes in Happy Valley has remained the same since last year.
Summary: The median home sold price in Happy Valley was $658,935 in October 2024, down 0.2% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.2K | $279K | +2.5% |
| 2 Bedrooms | $404.4K | $355.9K | -12.0% |
| 3 Bedrooms | $556.9K | $565K | +1.4% |
| 4 Bedrooms | $720K | $724.9K | +0.7% |
| 5+ Bedrooms | $865K | $829.2K | -4.1% |
Summary: Happy Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Damascus | $655K | $694.2K | +6.0% |
| Northwest Clackamas | $615.8K | $637.8K | +3.6% |
| Portland East | $495.1K | $494.5K | -0.1% |
| Happy Valley | $659.9K | $658.9K | -0.2% |
| Clackamas | $585K | $579.9K | -0.9% |
Housing Supply in Happy Valley, OR
How many homes are available in Happy Valley, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 223 | 222 | -0.4% |
Summary: The Happy Valley real estate market had 222 homes for sale in October 2024, a 0.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 79 | 79 | 0.0% |
| 4 Bedrooms | 92 | 86 | -6.5% |
| 5+ Bedrooms | 42 | 51 | +21.4% |
Summary: The Happy Valley 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 decreased by 44.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 36 | -2.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Happy Valley, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in Happy Valley in October 2024, down by 2.7% month-over-month. Of the 36 sold homes, 39% were sold under asking, 42% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 74 Days | 72 Days | -3.1% |
Summary: Homes in Happy Valley had an average of 72 days on market in Oct 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 36 homes were sold in Happy Valley; 53% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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