$3,764 Closing Credit*
$317,000
948 SqFt
2 Beds
•1 Full Bath
Brett Fischer, Listing Office: Corcoran Prime
Is Woodburn, 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, Woodburn has remained a Seller's Market.
Key Takeaway
Woodburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodburn, OR
How much do homes in Woodburn, OR cost?
Median Sold Price
$420,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.7%)
Key Takeaway
Homes in Woodburn have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Woodburn was $420,000 in November 2024, up 3.7% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $220K | -4.3% |
| 2 Bedrooms | $302.9K | $320K | +5.6% |
| 3 Bedrooms | $431.2K | $440K | +2.0% |
| 4 Bedrooms | $485.4K | $483.6K | -0.4% |
| 5+ Bedrooms | $505K | $528.4K | +4.6% |
Summary: Woodburn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Woodburn, OR
How many homes are available in Woodburn, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 70 | -12.5% |
Summary: The Woodburn real estate market had 70 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 33 | 31 | -6.1% |
| 3 Bedrooms | 30 | 21 | -30.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Woodburn 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 decreased by 6.1%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodburn, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Woodburn in November 2024, up by 33.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 40% were sold at asking, and 15% were sold over asking.
Days on Market for Woodburn, OR
How long does it take to sell a home in Woodburn, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 45 Days | +23.3% |
Summary: Homes in Woodburn had an average of 45 days on market in Nov 2024, up by 23.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodburn are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Woodburn; 45% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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