$7,718 Closing Credit*
$649,900
7,700 SqFt
Skye Leach, Listing Office: eXp Realty LLC
Is Tri-City, 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, Tri-City has remained a Seller's Market.
Key Takeaway
Tri-City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tri-City, OR
How much do homes in Tri-City, OR cost?
Median Sold Price
$299,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,500(+11.4%)
Key Takeaway
Homes in Tri-City have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Tri-City was $299,000 in November 2024, up 11.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | - | N/A |
| 2 Bedrooms | $197.5K | $230K | +16.5% |
| 3 Bedrooms | $272K | $315.4K | +16.0% |
| 4 Bedrooms | $300K | $155K | -48.3% |
| 5+ Bedrooms | $370K | - | N/A |
Summary: Tri-City 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 increased by 16.5%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 48.3%, and 5+ bedroom homes did not change.
Housing Supply in Tri-City, OR
How many homes are available in Tri-City, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 21 | +5.0% |
Summary: The Tri-City real estate market had 21 homes for sale in November 2024, a 5.0% increase 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Tri-City 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 33.3%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tri-City, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Tri-City in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Tri-City, OR
How long does it take to sell a home in Tri-City, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 104 Days | 108 Days | +3.6% |
Summary: Homes in Tri-City had an average of 108 days on market in Nov 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tri-City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Tri-City; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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.