$6,234 Closing Credit*
$525,000
884 SqFt
2 Beds
•1 Full Bath
Jarrett Altman, Rushie Ellenwood, Listing Office: Neighborhood Works
Is Overlook, 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, Overlook was a Neutral Market.
Key Takeaway
Overlook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Overlook, OR
How much do homes in Overlook, OR cost?
Median Sold Price
$547,170
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,830(-3.2%)
Key Takeaway
Homes in Overlook have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Overlook was $547,170 in November 2024, down 3.2% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | $307.5K | +6.4% |
| 2 Bedrooms | $438.5K | $425K | -3.1% |
| 3 Bedrooms | $656.1K | $579K | -11.8% |
| 4 Bedrooms | $696.5K | $642.2K | -7.8% |
| 5+ Bedrooms | $815K | $799.9K | -1.9% |
Summary: Overlook housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in Overlook, OR
How many homes are available in Overlook, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The Overlook real estate market had 44 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 | 4 | 5 | +25.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Overlook housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Overlook, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Overlook in November 2024, the same as the previous month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Overlook, OR
How long does it take to sell a home in Overlook, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 70 Days | -8.5% |
Summary: Homes in Overlook had an average of 70 days on market in Nov 2024, down by 8.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Overlook are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Overlook; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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