$10,000 Closing Credit*
$2,450,000
4,898 SqFt
Darryl Bodle, Michael Brazie, Listing Office: Keller Williams Realty Portland Premiere
Is Milwaukie, 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, Milwaukie has remained a Seller's Market.
Key Takeaway
Milwaukie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milwaukie, OR
How much do homes in Milwaukie, OR cost?
Median Sold Price
$499,999
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,449(+1.5%)
Key Takeaway
Homes in Milwaukie have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Milwaukie was $499,999 in October 2024, up 1.5% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $382K | N/A |
| 2 Bedrooms | $436K | $392.4K | -10.0% |
| 3 Bedrooms | $489K | $500K | +2.2% |
| 4 Bedrooms | $555K | $572K | +3.1% |
| 5+ Bedrooms | $620K | $765K | +23.4% |
Summary: Milwaukie housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Cities
| Northwest Clackamas | $615.8K | $637.8K | +3.6% |
| Portland | $531K | $541.3K | +1.9% |
| Milwaukie | $492.5K | $499.9K | +1.5% |
| Portland East | $495.1K | $494.5K | -0.1% |
Housing Supply in Milwaukie, OR
How many homes are available in Milwaukie, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 68 | +25.9% |
Summary: The Milwaukie real estate market had 68 homes for sale in October 2024, a 25.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 29 | 41 | +41.4% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Milwaukie 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 remained the same, 3 bedroom homes increased by 41.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milwaukie, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Milwaukie in October 2024, up by 35.7% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% were sold over asking.
Days on Market for Milwaukie, OR
How long does it take to sell a home in Milwaukie, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 29 Days | -18.9% |
Summary: Homes in Milwaukie had an average of 29 days on market in Oct 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Milwaukie are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Milwaukie; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% 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.