$3,978 Closing Credit*
$335,000
1,218 SqFt
2 Beds
•1 Full Bath
Eric Hayes, Listing Office: ICON Real Estate Group
Is Northeast Neighbors, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Northeast Neighbors was a Buyer's Market.
Key Takeaway
Northeast Neighbors is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast Neighbors, OR
How much do homes in Northeast Neighbors, OR cost?
Median Sold Price
$377,500
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,600(+9.5%)
Key Takeaway
Homes in Northeast Neighbors have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Northeast Neighbors was $377,500 in October 2024, up 9.5% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $80K | -38.5% |
| 2 Bedrooms | $322.1K | $320K | -0.7% |
| 3 Bedrooms | $370K | $370K | 0.0% |
| 4 Bedrooms | $375K | $424K | +13.1% |
| 5+ Bedrooms | $476.6K | $469.4K | -1.5% |
Summary: Northeast Neighbors housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.5%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in Northeast Neighbors, OR
How many homes are available in Northeast Neighbors, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Summary: The Northeast Neighbors real estate market had 14 homes for sale in October 2024, a 26.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Northeast Neighbors housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Neighbors, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Northeast Neighbors in October 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Northeast Neighbors, OR
How long does it take to sell a home in Northeast Neighbors, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 27 Days | -14.1% |
Summary: Homes in Northeast Neighbors had an average of 27 days on market in Oct 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Neighbors are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Northeast Neighbors; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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