$5,938 Closing Credit*
$500,000
2,275 SqFt
4 Beds
•2 Full Baths
Gary Raze, Listing Office: RE/MAX Integrity
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 November 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 November 2023
-$11,875(-2.8%)
Key Takeaway
Homes in River Road Community have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in River Road Community was $415,000 in November 2024, down 2.8% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $350K | $350K | 0.0% |
| 3 Bedrooms | $415K | $415K | 0.0% |
| 4 Bedrooms | $485K | $435K | -10.3% |
| 5+ Bedrooms | $511.5K | $582.5K | +13.9% |
Summary: River Road Community housing prices by bedroom type for November 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 10.3%, and 5+ bedroom homes increased by 13.9%.
Housing Supply in River Road Community, OR
How many homes are available in River Road Community, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 37 | -5.1% |
Summary: The River Road Community real estate market had 37 homes for sale in November 2024, a 5.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 25 | 22 | -12.0% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The River Road Community 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 decreased by 50%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 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. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in River Road Community in November 2024, up by 85.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 61 Days | +307.4% |
Summary: Homes in River Road Community had an average of 61 days on market in Nov 2024, up by 307.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in River Road Community are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 13 homes were sold in River Road Community; 31% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
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