$6,709 Closing Credit*
$565,000
2,244 SqFt
3 Beds
•2 Full Baths
Dale Carstensen, Listing Office: Urban Nest Realty
Is Montavilla, 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, Montavilla has remained a Seller's Market.
Key Takeaway
Montavilla is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montavilla, OR
How much do homes in Montavilla, OR cost?
Median Sold Price
$435,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-1.1%)
Key Takeaway
Homes in Montavilla have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Montavilla was $435,000 in October 2024, down 1.1% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276.3K | $353.5K | +27.9% |
| 2 Bedrooms | $389.5K | $369.9K | -5.0% |
| 3 Bedrooms | $453.7K | $463.5K | +2.1% |
| 4 Bedrooms | $522K | $550K | +5.4% |
| 5+ Bedrooms | $636K | $595K | -6.4% |
Summary: Montavilla housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.9%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 6.4%.
Housing Supply in Montavilla, OR
How many homes are available in Montavilla, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 106 | 113 | +6.6% |
Summary: The Montavilla real estate market had 113 homes for sale in October 2024, a 6.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 38 | 36 | -5.3% |
| 3 Bedrooms | 44 | 54 | +22.7% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Montavilla housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 22.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montavilla, you could pay more than the asking price. 48% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in Montavilla in October 2024, up by 31.6% month-over-month. Of the 25 sold homes, 32% were sold under asking, 20% were sold at asking, and 48% were sold over asking.
Days on Market for Montavilla, OR
How long does it take to sell a home in Montavilla, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 44 Days | +12.3% |
Summary: Homes in Montavilla had an average of 44 days on market in Oct 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montavilla are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in Montavilla; 52% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% 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.