$8,194 Closing Credit*
$690,000
Greg Watkins, Listing Office: Premiere Property Group, LLC
Is Vernonia, 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, Vernonia was a Seller's Market.
Key Takeaway
Vernonia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Vernonia, OR
How much do homes in Vernonia, OR cost?
Median Sold Price
$402,150
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,350(-5.9%)
Key Takeaway
Homes in Vernonia have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Vernonia was $402,150 in October 2024, down 5.9% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $245K | +157.9% |
| 2 Bedrooms | $271.5K | $307K | +13.1% |
| 3 Bedrooms | $427.5K | $409K | -4.3% |
| 4 Bedrooms | $460K | $504.5K | +9.7% |
| 5+ Bedrooms | $479.9K | $515K | +7.3% |
Summary: Vernonia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 157.9%, 2 bedroom homes increased by 13.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 7.3%.
Housing Supply in Vernonia, OR
How many homes are available in Vernonia, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Summary: The Vernonia real estate market had 32 homes for sale in October 2024, a 8.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Vernonia housing inventory by bedroom type for October 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 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Vernonia, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Vernonia in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Vernonia, OR
How long does it take to sell a home in Vernonia, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 166 Days | +187.2% |
Summary: Homes in Vernonia had an average of 166 days on market in Oct 2024, up by 187.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Vernonia are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Vernonia; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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.