$1,475,000
1.89 Acres
Land
Nicholas Diamond, Listing Office: Real Estate Investment Group
Is North Gresham, 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, North Gresham has remained a Seller's Market.
Key Takeaway
North Gresham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Gresham, OR
How much do homes in North Gresham, OR cost?
Median Sold Price
$420,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,500(+2.6%)
Key Takeaway
Homes in North Gresham have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in North Gresham was $420,000 in October 2024, up 2.6% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $169.5K | N/A |
| 2 Bedrooms | $325K | $275K | -15.4% |
| 3 Bedrooms | $411.5K | $414.5K | +0.7% |
| 4 Bedrooms | $440K | $480K | +9.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: North Gresham 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 15.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 9.1%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The North Gresham real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Gresham housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Gresham, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in North Gresham in October 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 44 Days | +10.8% |
Summary: Homes in North Gresham had an average of 44 days on market in Oct 2024, up by 10.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Gresham has remained consistent over time.
Summary: During October 2024, 3 homes were sold in North Gresham; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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