$6,234 Closing Credit*
$525,000
2,026 SqFt
4 Beds
•3 Full Baths
Debbe Crawford, Listing Office: Keller Williams Realty Portland Premiere
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 November 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
$902,000
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,500(+4.0%)
Key Takeaway
Homes in Northwest Heights / Forest Heights have sold for 4% more than they did a year ago.
Summary: The median home sold price in Northwest Heights / Forest Heights was $902,000 in November 2024, up 4% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $492.5K | $460K | -6.6% |
| 3 Bedrooms | $602K | $724K | +20.3% |
| 4 Bedrooms | $1.0M | $980K | -4.5% |
| 5+ Bedrooms | $1.1M | $1.1M | +3.0% |
Summary: Northwest Heights / Forest Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 20.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 3%.
Housing Supply in Northwest Heights / Forest Heights, OR
How many homes are available in Northwest Heights / Forest Heights, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 58 | 0.0% |
Summary: The Northwest Heights / Forest Heights real estate market had 58 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Northwest Heights / Forest Heights 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 increased by 16.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 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. 66.7% 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 November 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 81 Days | +108.2% |
Summary: Homes in Northwest Heights / Forest Heights had an average of 81 days on market in Nov 2024, up by 108.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Northwest Heights / Forest Heights are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 6 homes were sold in Northwest Heights / Forest Heights; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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