$5,047 Closing Credit*
$425,000
1,780 SqFt
2 Beds
•2 Full Baths
Madeleine Rose, Listing Office: Premiere Property Group, LLC
Is Sellwood Moreland, 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, Sellwood Moreland has remained a Neutral Market.
Key Takeaway
Sellwood Moreland 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 Sellwood Moreland, OR
How much do homes in Sellwood Moreland, OR cost?
Median Sold Price
$625,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,000(-2.2%)
Key Takeaway
Homes in Sellwood Moreland have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Sellwood Moreland was $625,000 in November 2024, down 2.2% 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 | $387.5K | $400K | +3.2% |
| 2 Bedrooms | $525K | $474.5K | -9.6% |
| 3 Bedrooms | $700K | $665K | -5.0% |
| 4 Bedrooms | $906K | $847.6K | -6.4% |
| 5+ Bedrooms | $950K | $1.0M | +8.9% |
Summary: Sellwood Moreland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in Sellwood Moreland, OR
How many homes are available in Sellwood Moreland, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 66 | -9.6% |
Summary: The Sellwood Moreland real estate market had 66 homes for sale in November 2024, a 9.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 28 | 21 | -25.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Sellwood Moreland 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 12%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sellwood Moreland, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Sellwood Moreland in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.
Days on Market for Sellwood Moreland, OR
How long does it take to sell a home in Sellwood Moreland, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 45 Days | -12.4% |
Summary: Homes in Sellwood Moreland had an average of 45 days on market in Nov 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sellwood Moreland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Sellwood Moreland; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.