Is Oregon City, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oregon City is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Oregon City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Oregon City, OR

How much do homes in Oregon City, OR cost?

Median Sold Price

$599,333

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,033(+2.0%)

Key Takeaway

Homes in Oregon City have sold for 2% more than they did a year ago.

Summary: The median home sold price in Oregon City was $599,333 in November 2024, up 2% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $335K-
N/A
2 $425K$426K
0.2%
3 $540K$560K
+3.7%
4 $672K$660K
-1.8%
5+ $758K$750K
-1.1%

Summary: Oregon City 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 increased by 0.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 1.1%.

Median Sold Price Compared To Nearby Cities

Gladstone
+5.4%
Northwest Clackamas
+3.4%
Oregon City
+2.0%
Beavercreek
+0.8%
West Linn
+0.6%

Housing Supply in Oregon City, OR

How many homes are available in Oregon City, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
206181-12.1%

Summary: The Oregon City real estate market had 181 homes for sale in November 2024, a 12.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 910
+11.1%
3 9580
-15.8%
4 8073
-8.8%
5+ 2118
-14.3%

Summary: The Oregon City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5343-18.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oregon City, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in Oregon City in November 2024, down by 18.9% month-over-month. Of the 43 sold homes, 40% were sold under asking, 35% were sold at asking, and 26% were sold over asking.

Days on Market for Oregon City, OR

How long does it take to sell a home in Oregon City, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days45 Days+106.5%

Summary: Homes in Oregon City had an average of 45 days on market in Nov 2024, up by 106.5% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 43 homes were sold in Oregon City; 58% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 12% 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 17 Days Ago

Newest Listings in Oregon City, OR

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