$4,453 Closing Credit*
$375,000
1,608 SqFt
2 Beds
•2 Full Baths
Tim Benintendi, Listing Office: Affinity Group, 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 November 2023
At the same time last year, Lake Oswego was a Seller's Market.
Key Takeaway
Lake Oswego 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 Lake Oswego, OR
How much do homes in Lake Oswego, OR cost?
Median Sold Price
$918,000
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$33,000(+3.7%)
Key Takeaway
Homes in Lake Oswego have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Lake Oswego was $918,000 in November 2024, up 3.7% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235.2K | $219.9K | -6.5% |
| 2 Bedrooms | $416K | $360K | -13.5% |
| 3 Bedrooms | $767.5K | $794.9K | +3.6% |
| 4 Bedrooms | $1.2M | $1.2M | 0.4% |
| 5+ Bedrooms | $1.6M | $1.6M | +1.4% |
Summary: Lake Oswego housing prices by bedroom type for November 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 3.6%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Lake Oswego | $885K | $918K | +3.7% |
| Northwest Clackamas | $616.8K | $637.9K | +3.4% |
| West Linn | $775K | $779.3K | +0.6% |
| Tualatin | $637.5K | $635.4K | -0.3% |
Housing Supply in Lake Oswego, OR
How many homes are available in Lake Oswego, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 303 | 269 | -11.2% |
Summary: The Lake Oswego real estate market had 269 homes for sale in November 2024, a 11.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 11 | -15.4% |
| 2 Bedrooms | 45 | 44 | -2.2% |
| 3 Bedrooms | 92 | 82 | -10.9% |
| 4 Bedrooms | 104 | 89 | -14.4% |
| 5+ Bedrooms | 49 | 43 | -12.2% |
Summary: The Lake Oswego housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes decreased by 12.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 42 | -31.1% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 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. 71.4% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Lake Oswego in November 2024, down by 31.1% month-over-month. Of the 42 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 52 Days | +25.5% |
Summary: Homes in Lake Oswego had an average of 52 days on market in Nov 2024, up by 25.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 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 November 2024, 42 homes were sold in Lake Oswego; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% 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.