First American Market Report

Happy Valley, OR

Single-Family Homes

First American Title Company | www.firstam.com



Happy Valley, OR

Thu Mar 28 2024
This week the median list price for Happy Valley, OR is $774,960 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has increased to 77. Click here to stay informed with the Happy Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Happy Valley, OR

Thu Mar 28 2024
This week the median list price for Happy Valley, OR is $774,960 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has increased to 77. Click here to stay informed with the Happy Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Happy Valley market.
Median List Price $774,960
Median Price of New Listings $889,900
Per Square Foot $294
Average Days on Market 125
Median Days on Market 70
Price Decreased 32%
Price Increased 3%
Relisted 14%
Inventory 77
Median Rent
Market Action 41
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,249,900 4,192 0.5 - 1 acre 5 3.5 20 2 1 175
$879,000 3,069 8,000 - 10,000 sqft 4 3 5 2 2 28
$739,500 2,557 4,500 - 6,500 sqft 4 2.5 1 1 0 140
$649,950 2,050 4,500 - 6,500 sqft 3 2.5 1 1 2 24