See how home prices have gone up and down in Oregon’s top 10 counties in a year

Posted on in category Local tagged bend , Deschutes , Market , Multnomah , Oregon , Portland , Real Estate , Redmond

The real estate market is changing in Oregon. See trends on home prices in Oregon’s top 10 counties here.

The last 12 months have been bumpy for Oregon’s residential real estate market. Mortgage rates have doubled and so has the number of Portland area homes for sale.

The inventory of active residential listings in the Portland area from September 2021, measured as 1.1 months, jumped to 2.2 months in September 2022, according to the latest Regional Multiple Listing Service (RMLS) report.

Despite the increase, inventory of less than four months favors sellers and keeps prices high, say real estate experts.

While homes priced correctly are trading hands, location is the top driver, and data shows that sales in the most populated counties in the state have been up and down.

In the Portland area, sales have dropped 13.8% when comparing the first nine months of 2022, January through September, to the same period in 2021, says RMLS.

The real estate marketplace Redfin provided 12 months of data on home sales in Oregon. Here is a look at home sales in counties with a population of 100,000 or more.

Median sale prices across Oregon in September ranged from $167,000 in Wheeler County to $965,000 in Hood River County, according to Redfin.

The median is the point in the middle in which half of the properties sold at a higher price and the other half at a lower price.

Here’s a sample of what’s for sale in the state’s most populated counties, according to Redfin:

Clackamas County

An Ardenwald Garden Ranch house, on a 6,969-square-foot corner lot at 8717 S.E. 34th Ave. in Milwaukie is for sale at $610,000. 
The single-level house, built in 1961, has four bedrooms, 2.5 bathrooms and 2,600 square feet of living space, says listing agent Rhonda Spencer of Urban Nest Realty.

8717 S.E. 34th Ave. in Milwaukie is for sale at $610,000 by Rhonda Spencer of Urban Nest Realty.Urban Nest Realty

Clackamas County is one of the four counties that make up the Portland metropolitan area. The county spans from Oregon City to Government Camp on the base of Mount Hood. Lake Oswego and Milwaukie include areas in both Clackamas County and Multnomah County.

Graph of the median sale price in Clackamas County, OR

Of the residential properties for sale in Clackamas County, here’s an example of a home for sale close to the county’s median sale price of $612,000:

A garden ranch house on a 6,969-square-foot corner lot at 8717 S.E. 34th Ave. in Milwaukie is for sale at $610,000.

The single-level house, built in 1961 in the Ardenwald neighborhood, has four bedrooms, 2.5 bathrooms and 2,600 square feet of living space, says listing agent Rhonda Spencer of Urban Nest Realty.

Deschutes County

The single-level, traditional-style house on a 0.19-acre corner lot at 62535 Eagle Road in Bend is for sale at $674,000. The house, built in 2014, has three bedrooms, two bathrooms and 1,733 square feet of living space, says listing agent Kellie Cook with Jordan Lorensen of John L. Scott Bend.

62535 Eagle Road in Bend is for sale at $674,000 by Kellie Cook with Jordan Lorensen of John L. Scott Bend.John L. Scott Bend

Deschutes County in central Oregon includes the county seat of Bend and other incorporated cities of La Pine, Redmond and Sisters.

Graph of the median sale price in Deschutes County, OR
Of the residential properties for sale in Deschutes County, here’s an example of a home for sale at the county’s median sale price of $674,000:

The single-level, traditional-style house on a 0.19-acre corner lot at 62535 Eagle Road in Bend is for sale at $674,000.

The house, built in 2014, has three bedrooms, two bathrooms and 1,733 square feet of living space, says listing agent Kellie Cook with Jordan Lorensen of John L. Scott Bend.

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