$5,047 Closing Credit*
$425,000
1,347 SqFt
3 Beds
•2 Full Baths
Patti Gay-Buoy, Listing Office: Premiere Property Group, LLC
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.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.