$8,313 Closing Credit*
$700,000
2,424 SqFt
Amit Amshalom, Listing Office: RE/MAX Equity Group
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.
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