$4,155 Closing Credit*
$349,900
746 SqFt
2 Beds
•1 Full Bath
Darryl Bodle, Kelly Christian, Listing Office: Keller Williams Realty Portland Premiere
Is Sellwood, 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, Sellwood was a Neutral Market.
Key Takeaway
Sellwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sellwood, OR
How much do homes in Sellwood, OR cost?
Median Sold Price
$575,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$52,000(-8.3%)
Key Takeaway
Homes in Sellwood have sold for 8.3% less than they did a year ago.
Summary: The median home sold price in Sellwood was $575,000 in October 2024, down 8.3% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $331.9K | $317.5K | -4.4% |
| 2 Bedrooms | $533.1K | $439.9K | -17.5% |
| 3 Bedrooms | $660K | $612.5K | -7.2% |
| 4 Bedrooms | $922K | $852.5K | -7.5% |
| 5+ Bedrooms | $1.3M | $544.5K | -59.7% |
Summary: Sellwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 59.7%.
Housing Supply in Sellwood, OR
How many homes are available in Sellwood, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Sellwood real estate market had 18 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sellwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sellwood, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sellwood in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Sellwood, OR
How long does it take to sell a home in Sellwood, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 73 Days | +539.1% |
Summary: Homes in Sellwood had an average of 73 days on market in Oct 2024, up by 539.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sellwood has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Sellwood; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.