$2,374 Closing Credit*
$199,900
500 SqFt
1 Bed
•1 Full Bath
Aleksander Koval, Listing Office: The Koval Group
Is Parkrose, 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, Parkrose was a Buyer's Market.
Key Takeaway
Parkrose is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Parkrose, OR
How much do homes in Parkrose, OR cost?
Median Sold Price
$425,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+4.4%)
Key Takeaway
Homes in Parkrose have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Parkrose was $425,000 in November 2024, up 4.4% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $324K | +15.7% |
| 2 Bedrooms | $389.5K | $370K | -5.0% |
| 3 Bedrooms | $417.1K | $437.5K | +4.9% |
| 4 Bedrooms | $395K | $983.8K | +149.1% |
| 5+ Bedrooms | $542K | $1.0M | +86.8% |
Summary: Parkrose housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 149.1%, and 5+ bedroom homes increased by 86.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Parkrose Addition | $422.4K | $474.9K | +12.4% |
| Parkrose | $407K | $425K | +4.4% |
Housing Supply in Parkrose, OR
How many homes are available in Parkrose, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Parkrose real estate market had 14 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Parkrose 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Parkrose, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Parkrose in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 61 Days | +27.1% |
Summary: Homes in Parkrose had an average of 61 days on market in Nov 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Parkrose are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Parkrose; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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