$4,032 Closing Credit*
$339,500
899 SqFt
3 Beds
•1 Full Bath
Erin Rothrock, Emma Kemp, Listing Office: Windermere Realty Trust
Is Lents, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+1.3%)
Key Takeaway
Homes in Lents have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Lents was $400,000 in November 2024, up 1.3% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257.5K | $307.5K | +19.4% |
| 2 Bedrooms | $345K | $352.4K | +2.2% |
| 3 Bedrooms | $400K | $411.4K | +2.9% |
| 4 Bedrooms | $419K | $500K | +19.3% |
| 5+ Bedrooms | $528K | $465K | -11.9% |
Summary: Lents housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes decreased by 11.9%.
Housing Supply in Lents, OR
How many homes are available in Lents, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 53 | -20.9% |
Summary: The Lents real estate market had 53 homes for sale in November 2024, a 20.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 44 | 36 | -18.2% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Lents housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lents, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Lents in November 2024, up by 14.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 19% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 107 Days | 57 Days | -46.8% |
Summary: Homes in Lents had an average of 57 days on market in Nov 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lents are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Lents; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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