$8,301 Closing Credit*
$699,000
1,790 SqFt
3 Beds
•2 Full Baths
Melinda Hood, Listing Office: MORE Realty
Is Willamette Heights, 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, Willamette Heights was a Seller's Market.
Key Takeaway
Willamette Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Willamette Heights, OR
How much do homes in Willamette Heights, OR cost?
Median Sold Price
$725,000
$392/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,000(-3.3%)
Key Takeaway
Homes in Willamette Heights have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in Willamette Heights was $725,000 in October 2024, down 3.3% from last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $411.5K | $406.2K | -1.3% |
| 2 Bedrooms | $682.5K | $640.5K | -6.2% |
| 3 Bedrooms | $862.5K | $762.4K | -11.6% |
| 4 Bedrooms | $1.4M | $927K | -34.4% |
| 5+ Bedrooms | $1.3M | $1.5M | +16.2% |
Summary: Willamette Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 34.4%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in Willamette Heights, OR
How many homes are available in Willamette Heights, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Willamette Heights real estate market had 27 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Willamette Heights 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 decreased by 14.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Willamette Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Willamette Heights in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Willamette Heights, OR
How long does it take to sell a home in Willamette Heights, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 30 Days | +140.8% |
Summary: Homes in Willamette Heights had an average of 30 days on market in Oct 2024, up by 140.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Willamette Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Willamette Heights; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.