Oregon City OR Single Family Homes For Sale - 102 Homes | Zillow (2024)

FAQs

Is this a good time to sell a house in Oregon? ›

Selling a home in spring or summer is the best opportunity for sellers in Oregon. These seasons offer higher demand from buyers and lower competition among sellers.

Home prices in Oregon are rising and will continue to rise till the supply-demand dynamic changes. The number of houses for sale in OR was only 11,568 in January 2024. There is very limited inventory to satiate the demand from house hunters.

Oregon Housing Market Trends

In May 2024, Oregon home prices were up 26.1% compared to last year, selling for a median price of $555K. On average, homes in Oregon sell after 45 days on the market compared to 49 days last year. There were 22 homes sold in May this year, up from 15 last year.

Remove from Zillow and Trulia

For FSBO sellers with homes displayed on Zillow and Trulia, it's easy to remove your listing: Log in to your Zillow profile. Go to your listing and select Owner view. Click More and navigate to Cancel listing.

Oregon Median Home Prices

As mentioned, the median price of a home in Oregon was $486,800 in March 2023, following a 4.8% drop compared to last year's figures. In March 2022, homes in Oregon sold for a median price of $511,100. Therefore, the drop means more lower-priced residential properties were purchased last year.

Best Time to Sell Your House for a Higher Price

April, June, and July are the best months to sell your house in California. The median sale price of houses in June 2023, was $796,400, which is expected to grow more in 2024. However, cities like Arcadia and San Mateo follow an upward trend throughout the year.

Based on current median home prices in Portland, OR (around $543,308), and the current mortgage rate of 5.5%, the average monthly payment on a 30-year mortgage in Portland was approximately $2,466 as of May 2023.

It is usually cheaper to buy a home than build a new one. However, by building your own home you get a brand-new residence, customized to your needs. It costs $340,580 on average to build a home in Oregon. This figure can add up to $510,580 if you include land costs, excavations, permits, and other expenses.

Lake Oswego, West Linn, Happy Valley, Cannon Beach, and Raleigh Hills are the top five most expensive cities in Oregon, with high living costs fueled by factors like pricey homes and premium amenities.

How much money do you need to live in Oregon? ›

While to the Bureau of Economic Analysis 2021 Personal Consumption Expenditures, data shows that Oregon's average cost of living is $47,779 per year.

On average, home buyers in Oregon pay closing costs ranging from 2% to 5% of the purchase price. This is a ballpark figure. Many lenders will require that you apply for a loan before receiving a more precise estimate of closing costs; however, some lenders are more transparent with their available options.

How do you structure the sale/documents to keep that from being posted? You generally can't hide that information because it gets placed in public records for recording and/or tax purposes. The websites just pull from those records.

Insufficient transactional data — It's possible we do not have enough county transactional data, so we cannot calculate a Zestimate.

When your home is for sale, the broker uploads your home's information (photos, floor plans and lots more) to a Multiple Listing Service. This service listing is where houses and pictures are posted. This group then distributes the details to online real estate sites like Zillow, Realtor.com, Redfin and others.

The climate for buying and selling in Oregon is competitive, with many buyers vying for a limited number of homes. This competitive market has led to an increase in home prices and a favorable condition for sellers. A high demand for homes and reduced days on market signify a persistent seller's advantage.

Buyers and sellers both pay closing costs in Oregon, as they do in every state. That said, there are particular expenses that typically impact one side of the transaction or the other.

In Oregon, as in most states, capital gains tax is typically applied to the profit earned from the sale of a property. However, there are several strategies you can employ to minimize or even avoid capital gains tax altogether.