$10,000 Closing Credit*
$1,400,000
3,022 SqFt
3 Beds
•2 Full Baths
Lyndsey Lord, Justine Syck, Listing Office: Move Real Estate Inc
Is Lake Oswego, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lake Oswego has remained a Seller's Market.
Key Takeaway
Lake Oswego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Oswego, OR
How much do homes in Lake Oswego, OR cost?
Median Sold Price
$926,202
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$51,202(+5.9%)
Key Takeaway
Homes in Lake Oswego have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Lake Oswego was $926,202 in October 2024, up 5.9% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235.2K | $220K | -6.5% |
| 2 Bedrooms | $416K | $360K | -13.5% |
| 3 Bedrooms | $775K | $788K | +1.7% |
| 4 Bedrooms | $1.2M | $1.2M | +5.4% |
| 5+ Bedrooms | $1.5M | $1.6M | +8.1% |
Summary: Lake Oswego housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Lake Oswego | $875K | $926.2K | +5.9% |
| Northwest Clackamas | $615.8K | $637.8K | +3.6% |
| West Linn | $769.5K | $780K | +1.4% |
| Tualatin | $647.4K | $635.9K | -1.8% |
Housing Supply in Lake Oswego, OR
How many homes are available in Lake Oswego, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 312 | 324 | +3.8% |
Summary: The Lake Oswego real estate market had 324 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 47 | 48 | +2.1% |
| 3 Bedrooms | 96 | 98 | +2.1% |
| 4 Bedrooms | 100 | 111 | +11.0% |
| 5+ Bedrooms | 60 | 55 | -8.3% |
Summary: The Lake Oswego housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 57 | +3.6% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Oswego, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Lake Oswego in October 2024, up by 3.6% month-over-month. Of the 57 sold homes, 67% were sold under asking, 21% were sold at asking, and 12% were sold over asking.
Days on Market for Lake Oswego, OR
How long does it take to sell a home in Lake Oswego, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 47 Days | +4.3% |
Summary: Homes in Lake Oswego had an average of 47 days on market in Oct 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Oswego are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 57 homes were sold in Lake Oswego; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 16% 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. 
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.