$6,116 Closing Credit*
$515,000
1,212 SqFt
2 Beds
•2 Full Baths
Adam Kaplan, Listing Office: Branch Real Estate
Is Sellwood Moreland, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sellwood Moreland has remained a Seller's Market.
Key Takeaway
Sellwood Moreland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sellwood Moreland, OR
How much do homes in Sellwood Moreland, OR cost?
Median Sold Price
$620,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$29,900(-4.6%)
Key Takeaway
Homes in Sellwood Moreland have sold for 4.6% less than they did a year ago.
Summary: The median home sold price in Sellwood Moreland was $620,000 in October 2024, down 4.6% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $400K | +19.4% |
| 2 Bedrooms | $532.5K | $499K | -6.3% |
| 3 Bedrooms | $723K | $650K | -10.1% |
| 4 Bedrooms | $937K | $849K | -9.4% |
| 5+ Bedrooms | $1.1M | $974.2K | -14.9% |
Summary: Sellwood Moreland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 14.9%.
Housing Supply in Sellwood Moreland, OR
How many homes are available in Sellwood Moreland, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 75 | +1.4% |
Summary: The Sellwood Moreland real estate market had 75 homes for sale in October 2024, a 1.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 31 | 24 | -22.6% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Sellwood Moreland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 22.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sellwood Moreland, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Sellwood Moreland in October 2024, the same as the previous month. Of the 13 sold homes, 38% were sold under asking, 15% were sold at asking, and 46% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 46 Days | +190.3% |
Summary: Homes in Sellwood Moreland had an average of 46 days on market in Oct 2024, up by 190.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 13 homes were sold in Sellwood Moreland; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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.