$6,293 Closing Credit*
$529,900
1,651 SqFt
3 Beds
•2 Full Baths
Jamie Paddock, Listing Office: Elite Realty Professionals
Is River Road Community, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, River Road Community has remained a Seller's Market.
Key Takeaway
River Road Community is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in River Road Community, OR
How much do homes in River Road Community, OR cost?
Median Sold Price
$415,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$13,750(-3.2%)
Key Takeaway
Homes in River Road Community have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in River Road Community was $415,000 in December 2024, down 3.2% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $350K | $350K | 0.0% |
| 3 Bedrooms | $415K | $415K | 0.0% |
| 4 Bedrooms | $485K | $436.5K | -10.0% |
| 5+ Bedrooms | $513.1K | $460K | -10.4% |
Summary: River Road Community housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in River Road Community, OR
How many homes are available in River Road Community, OR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 38 | 28 | -26.3% |
Summary: The River Road Community real estate market had 28 homes for sale in December 2024, a 26.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 23 | 18 | -21.7% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The River Road Community housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in River Road Community, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in River Road Community in December 2024, down by 64.3% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for River Road Community, OR
How long does it take to sell a home in River Road Community, OR?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 11 Days | 16 Days | +41.2% |
Summary: Homes in River Road Community had an average of 16 days on market in Dec 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in River Road Community are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in River Road Community; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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