$2,553 Closing Credit*
$215,000
513 SqFt
1 Bed
•1 Full Bath
Tara Cowlthorp, Listing Office: Redfin
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 November 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
$287,500
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$271,000(-48.5%)
Key Takeaway
Homes in King's Second Addition have sold for 48.5% less than they did a year ago.
Summary: The median home sold price in King's Second Addition was $287,500 in November 2024, down 48.5% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.5K | $215K | -29.4% |
| 2 Bedrooms | $541.7K | $730K | +34.7% |
| 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 November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.4%, 2 bedroom homes increased by 34.7%, 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 | $447.5K | $487.5K | +8.9% |
| Willamette Heights | $762.5K | $725K | -4.9% |
| King's Second Addition | $558.5K | $287.5K | -48.5% |
Housing Supply in King's Second Addition, OR
How many homes are available in King's Second Addition, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The King's Second Addition real estate market had 16 homes for sale in November 2024, a 6.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The King's Second Addition housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in King's Second Addition, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in King's Second Addition in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for King's Second Addition, OR
How long does it take to sell a home in King's Second Addition, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 172 Days | +538.9% |
Summary: Homes in King's Second Addition had an average of 172 days on market in Nov 2024, up by 538.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in King's Second Addition has remained consistent over time.
Summary: During November 2024, 2 homes were sold in King's Second Addition; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.