$4,738 Closing Credit*
$399,000
1,025 SqFt
2 Beds
•1 Full Bath
Fangfei Yang, Listing Office: Oregon First
Is Northwest District, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Northwest District has remained a Buyer's Market.
Key Takeaway
Northwest District is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest District, OR
How much do homes in Northwest District, OR cost?
Median Sold Price
$487,500
$412/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,975(+8.9%)
Key Takeaway
Homes in Northwest District have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Northwest District was $487,500 in November 2024, up 8.9% from last year, and the median price per square foot was $412.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $274K | +9.6% |
| 2 Bedrooms | $580K | $622.5K | +7.3% |
| 3 Bedrooms | $782.5K | $545.3K | -30.3% |
| 4 Bedrooms | $940K | $974.5K | +3.7% |
| 5+ Bedrooms | $902.5K | $1.1M | +23.0% |
Summary: Northwest District housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 30.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 23%.
Median Sold Price Compared To Nearby Neighborhoods
| Northwest District | $447.5K | $487.5K | +8.9% |
| King's Second Addition | $558.5K | $287.5K | -48.5% |
Housing Supply in Northwest District, OR
How many homes are available in Northwest District, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 53 | -7.0% |
Summary: The Northwest District real estate market had 53 homes for sale in November 2024, a 7.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 27 | 0.0% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Northwest District housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest District, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Northwest District in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Northwest District, OR
How long does it take to sell a home in Northwest District, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 90 Days | +235.4% |
Summary: Homes in Northwest District had an average of 90 days on market in Nov 2024, up by 235.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest District are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Northwest District; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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