$10,000 Closing Credit*
$1,445,000
5,695 SqFt
5 Beds
•4 Full Baths
Dirk Hmura, Cathi Render, Listing Office: The Agency Portland
Is Northwest Heights / Forest Heights, 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, Northwest Heights / Forest Heights was a Seller's Market.
Key Takeaway
Northwest Heights / Forest Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest Heights / Forest Heights, OR
How much do homes in Northwest Heights / Forest Heights, OR cost?
Median Sold Price
$901,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$46,000(+5.4%)
Key Takeaway
Homes in Northwest Heights / Forest Heights have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Northwest Heights / Forest Heights was $901,000 in October 2024, up 5.4% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $492.5K | $465K | -5.6% |
| 3 Bedrooms | $650K | $675K | +3.8% |
| 4 Bedrooms | $1.0M | $975K | -5.0% |
| 5+ Bedrooms | $1.1M | $1.2M | +6.7% |
Summary: Northwest Heights / Forest Heights 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 5.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in Northwest Heights / Forest Heights, OR
How many homes are available in Northwest Heights / Forest Heights, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 69 | +3.0% |
Summary: The Northwest Heights / Forest Heights real estate market had 69 homes for sale in October 2024, a 3.0% increase 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 | 14 | 15 | +7.1% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Northwest Heights / Forest Heights 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 increased by 7.1%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
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 Northwest Heights / Forest Heights, 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 Northwest Heights / Forest Heights in October 2024, up by 50.0% month-over-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 Northwest Heights / Forest Heights, OR
How long does it take to sell a home in Northwest Heights / Forest Heights, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 104 Days | +167.1% |
Summary: Homes in Northwest Heights / Forest Heights had an average of 104 days on market in Oct 2024, up by 167.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northwest Heights / Forest Heights has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Northwest Heights / Forest Heights; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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