$9,025 Closing Credit*
$760,000
1,925 SqFt
3 Beds
•3 Full Baths
Drew McCulloch, Libby Benz, Listing Office: Windermere Realty Trust
Is Sellwood, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$570,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$42,500(-6.9%)
Key Takeaway
Homes in Sellwood have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Sellwood was $570,000 in November 2024, down 6.9% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $331.9K | $317.5K | -4.4% |
| 2 Bedrooms | $526.3K | $429.9K | -18.3% |
| 3 Bedrooms | $649.9K | $600K | -7.7% |
| 4 Bedrooms | $798.5K | $852.5K | +6.8% |
| 5+ Bedrooms | $947.2K | - | N/A |
Summary: Sellwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 18.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes did not change.
Housing Supply in Sellwood, OR
How many homes are available in Sellwood, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Summary: The Sellwood real estate market had 15 homes for sale in November 2024, a 16.7% 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 | 10 | 11 | +10.0% |
| 3 Bedrooms | 6 | 2 | -66.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sellwood 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 increased by 10%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sellwood, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Sellwood in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 27 Days | -69.4% |
Summary: Homes in Sellwood had an average of 27 days on market in Nov 2024, down by 69.4% compared to last year.
Breakdown of Home Sale Times
2 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 Sellwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Sellwood; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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