$5,807 Closing Credit*
$489,000
1,712 SqFt
Brian Porter, Brian Spear, Listing Office: JMA Properties LLC
Is Lents, 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, Lents has remained a Seller's Market.
Key Takeaway
Lents is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lents, OR
How much do homes in Lents, OR cost?
Median Sold Price
$400,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,050(+2.6%)
Key Takeaway
Homes in Lents have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Lents was $400,000 in October 2024, up 2.6% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $307.5K | +53.8% |
| 2 Bedrooms | $347K | $352.4K | +1.6% |
| 3 Bedrooms | $400K | $412.5K | +3.1% |
| 4 Bedrooms | $418K | $473.5K | +13.3% |
| 5+ Bedrooms | $540K | $488.3K | -9.6% |
Summary: Lents housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.8%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in Lents, OR
How many homes are available in Lents, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 62 | 68 | +9.7% |
Summary: The Lents real estate market had 68 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lents housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lents, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Lents in October 2024, up by 18.2% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Lents, OR
How long does it take to sell a home in Lents, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 47 Days | +44.7% |
Summary: Homes in Lents had an average of 47 days on market in Oct 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lents has remained consistent over time.
Summary: During October 2024, 13 homes were sold in Lents; 38% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 8% 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.