Is Northwest Clackamas, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Clackamas is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Northwest Clackamas has remained a Seller's Market.

Key Takeaway

Northwest Clackamas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northwest Clackamas, OR

How much do homes in Northwest Clackamas, OR cost?

Median Sold Price

$637,829

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,019(+3.6%)

Key Takeaway

Homes in Northwest Clackamas have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Northwest Clackamas was $637,829 in October 2024, up 3.6% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $257K$259K
+0.8%
2 $409K$395.8K
-3.2%
3 $549.9K$562.7K
+2.3%
4 $735K$746.3K
+1.6%
5+ $889.5K$891.2K
0.2%

Summary: Northwest Clackamas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Cities

Gladstone
+6.1%
Northwest Clackamas
+3.6%
Oregon City
+3.4%
West Linn
+1.4%

Housing Supply in Northwest Clackamas, OR

How many homes are available in Northwest Clackamas, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,1861,184-0.2%

Summary: The Northwest Clackamas real estate market had 1,184 homes for sale in October 2024, a 0.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1718
+5.9%
2 9688
-8.3%
3 469459
-2.1%
4 422429
+1.7%
5+ 182190
+4.4%

Summary: The Northwest Clackamas housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 4.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
240251+4.6%

Asking Price vs. Sold Price

118 Homes Were Sold
Under Asking

56 Homes Were Sold
At Asking

77 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Clackamas, you may be able to get a good deal. 47% of homes here sold below asking price last month.

Summary: A total of 251 homes were sold or pending in Northwest Clackamas in October 2024, up by 4.6% month-over-month. Of the 251 sold homes, 47% were sold under asking, 22% were sold at asking, and 31% were sold over asking.

Days on Market for Northwest Clackamas, OR

How long does it take to sell a home in Northwest Clackamas, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days45 Days+13.0%

Summary: Homes in Northwest Clackamas had an average of 45 days on market in Oct 2024, up by 13% compared to last year.

Breakdown of Home Sale Times

135 Homes Were Sold
Under 30 Days

81 Homes Were Sold
In 30 - 90 Days

35 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northwest Clackamas are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 251 homes were sold in Northwest Clackamas; 54% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Northwest Clackamas, OR

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