Is Milwaukie, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Milwaukie has remained a Seller's Market.
Housing Prices in Milwaukie, OR
How much do homes in Milwaukie, OR cost?
Median Sold Price
$497,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Milwaukie was $497,000 in May 2024, up 1.6% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | - | N/A |
2 Bedrooms | $375.7K | $364.5K | -3.0% |
3 Bedrooms | $489.5K | $489K | -0.1% |
4 Bedrooms | $574K | $557K | -3.0% |
5+ Bedrooms | $710K | $870K | +22.5% |
Summary: Milwaukie housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
Milwaukie | $489K | $497K | +1.6% |
Portland | $532.1K | $538.6K | +1.2% |
Northwest Clackamas | $620.6K | $625.1K | +0.7% |
Portland East | $503K | $493K | -2.0% |
Housing Supply in Milwaukie, OR
How many homes are available in Milwaukie, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 57 | +18.8% |
Summary: The Milwaukie real estate market had 57 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 25 | 32 | +28.0% |
4 Bedrooms | 12 | 8 | -33.3% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Milwaukie housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 21 | +31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Milwaukie in May 2024, up by 31.3% month-over-month. Of the 21 sold homes, 24% were sold under asking, 29% were sold at asking, and 48% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 45 Days | +232.0% |
Summary: Homes in Milwaukie had an average of 45 days on market in May 2024, up by 232% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Milwaukie; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.