$275,000
2.01 Acres
Land
Liz Warren, Listing Office: Keller Williams PDX Central
Is Rhododendron, 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, Rhododendron was a Seller's Market.
Key Takeaway
Rhododendron is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rhododendron, OR
How much do homes in Rhododendron, OR cost?
Median Sold Price
$500,000
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+5.3%)
Key Takeaway
Homes in Rhododendron have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Rhododendron was $500,000 in October 2024, up 5.3% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $360.5K | +24.3% |
| 2 Bedrooms | $432K | $419.2K | -3.0% |
| 3 Bedrooms | $604.5K | $585K | -3.2% |
| 4 Bedrooms | $417.5K | $785K | +88.0% |
| 5+ Bedrooms | - | $675K | N/A |
Summary: Rhododendron housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 88%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Government Camp | $813.7K | $909.7K | +11.8% |
| Mount Hood | $580K | $628K | +8.3% |
| Rhododendron | $475K | $500K | +5.3% |
Housing Supply in Rhododendron, OR
How many homes are available in Rhododendron, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Rhododendron real estate market had 21 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Rhododendron housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rhododendron, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rhododendron in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Rhododendron, OR
How long does it take to sell a home in Rhododendron, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 16 Days | -68.0% |
Summary: Homes in Rhododendron had an average of 16 days on market in Oct 2024, down by 68% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rhododendron are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Rhododendron; 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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