$6,234 Closing Credit*
$525,000
1,612 SqFt
Brian Spear, Brian Porter, Listing Office: JMA Properties LLC
Is Parkrose, 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, Parkrose was a Seller's Market.
Key Takeaway
Parkrose is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Parkrose, OR
How much do homes in Parkrose, OR cost?
Median Sold Price
$423,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+4.2%)
Key Takeaway
Homes in Parkrose have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Parkrose was $423,500 in October 2024, up 4.2% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $324K | +15.7% |
| 2 Bedrooms | $390K | $370K | -5.1% |
| 3 Bedrooms | $414.3K | $425K | +2.6% |
| 4 Bedrooms | $477.5K | $869.2K | +82.0% |
| 5+ Bedrooms | $542K | $1.0M | +86.8% |
Summary: Parkrose housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 82%, and 5+ bedroom homes increased by 86.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Parkrose Addition | $424.9K | $467.8K | +10.1% |
| Parkrose | $406.5K | $423.5K | +4.2% |
Housing Supply in Parkrose, OR
How many homes are available in Parkrose, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 14 | +27.3% |
Summary: The Parkrose real estate market had 14 homes for sale in October 2024, a 27.3% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Parkrose 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 200%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Parkrose, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Parkrose in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Parkrose, OR
How long does it take to sell a home in Parkrose, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 9 Days | -40.6% |
Summary: Homes in Parkrose had an average of 9 days on market in Oct 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Parkrose are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Parkrose; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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