$10,000 Closing Credit*
$2,400,000
3,458 SqFt
Jordan Fezler, Listing Office: Apex Residential
Is King's Second Addition, 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, King's Second Addition was a Seller's Market.
Key Takeaway
King's Second Addition is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in King's Second Addition, OR
How much do homes in King's Second Addition, OR cost?
Median Sold Price
$295,000
$427/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$184,000(-38.4%)
Key Takeaway
Homes in King's Second Addition have sold for 38.4% less than they did a year ago.
Summary: The median home sold price in King's Second Addition was $295,000 in October 2024, down 38.4% from last year, and the median price per square foot was $427.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.5K | $214.5K | -29.6% |
| 2 Bedrooms | $479K | $775K | +61.8% |
| 3 Bedrooms | - | $690K | N/A |
| 4 Bedrooms | $950K | $925K | -2.6% |
| 5+ Bedrooms | $902.5K | $675K | -25.2% |
Summary: King's Second Addition housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes increased by 61.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 25.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest District | $437.4K | $532.5K | +21.7% |
| Willamette Heights | $750K | $725K | -3.3% |
| King's Second Addition | $479K | $295K | -38.4% |
Housing Supply in King's Second Addition, OR
How many homes are available in King's Second Addition, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The King's Second Addition real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The King's Second Addition housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King's Second Addition, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in King's Second Addition in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for King's Second Addition, OR
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in King's Second Addition are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in King's Second Addition; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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