Is Happy Valley, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Happy Valley has remained a Seller's Market.
Housing Prices in Happy Valley, OR
How much do homes in Happy Valley, OR cost?
Median Sold Price
$649,990
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Happy Valley was $649,990 in April 2024, down 7.2% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $252.2K | $296K | +17.3% |
2 Bedrooms | $464.9K | $353.9K | -23.9% |
3 Bedrooms | $569.9K | $564.5K | -1.0% |
4 Bedrooms | $745.2K | $714.9K | -4.1% |
5+ Bedrooms | $882K | $865K | -1.9% |
Summary: Happy Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes decreased by 23.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
Clackamas | $580K | $599.9K | +3.4% |
Damascus | $660K | $670K | +1.5% |
Northwest Clackamas | $620K | $625.4K | +0.9% |
Portland East | $510.8K | $494.3K | -3.2% |
Happy Valley | $700.2K | $649.9K | -7.2% |
Housing Supply in Happy Valley, OR
How many homes are available in Happy Valley, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
204 | 208 | +2.0% |
Summary: The Happy Valley real estate market had 208 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 74 | 79 | +6.8% |
4 Bedrooms | 94 | 85 | -9.6% |
5+ Bedrooms | 26 | 35 | +34.6% |
Summary: The Happy Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 34.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 48 | +20.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Happy Valley in April 2024, up by 20.0% month-over-month. Of the 48 sold homes, 42% were sold under asking, 38% were sold at asking, and 21% were sold over asking.
Days on Market for Happy Valley, OR
How long does it take to sell a home in Happy Valley, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
46 Days | 105 Days | +126.6% |
Summary: Homes in Happy Valley had an average of 105 days on market in Apr 2024, up by 126.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Happy Valley; 44% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.