$4,156 Closing Credit*
$350,000
1,272 SqFt
4 Beds
•1 Full Bath
Jordan Matin, Listing Office: Matin Real Estate
Is North Gresham, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, North Gresham was a Seller's Market.
Key Takeaway
North Gresham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in North Gresham, OR
How much do homes in North Gresham, OR cost?
Median Sold Price
$413,500
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$14,500(+3.6%)
Key Takeaway
Homes in North Gresham have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in North Gresham was $413,500 in September 2024, up 3.6% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $169.5K | N/A |
| 2 Bedrooms | $325K | $275K | -15.4% |
| 3 Bedrooms | $409.5K | $422K | +3.1% |
| 4 Bedrooms | $430K | $480K | +11.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: North Gresham housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes did not change.
Housing Supply in North Gresham, OR
How many homes are available in North Gresham, OR?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The North Gresham real estate market had 18 homes for sale in September 2024, a 38.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 8 | +166.7% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Gresham housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 166.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Gresham, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in North Gresham in September 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for North Gresham, OR
How long does it take to sell a home in North Gresham, OR?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 16 Days | 132 Days | +708.9% |
Summary: Homes in North Gresham had an average of 132 days on market in Sep 2024, up by 708.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Gresham are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in North Gresham; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.