Milwaukie Oregon Real Estate Report July 2014
Milwaukie is located about 15 minutes south of downtown Portland and just north of Lake Oswego. If you are planning on selling your property in the Milwaukie area it helps to know how long properties currently take to sell, what the average price is, and how much you could get for your home. These statistics are based on several MLS reports and real estate websites for current market trends in Milwaukie Oregon.
Currently the average list price is $326,000. The median list price is $284,000. The median sales price is up 12% over last year at $250,000. Knowing these averages can help you understand what homes are selling for as compared to what they've been listed for. The average price per square foot is $146, which is up 4.3% over last year.
Single Family Homes
A single-family home is considered a one household property not falling into the category of a duplex, multifamily home, or condominium. The median list price for single-family home in Milwaukie is $285,000. This is up 2% over last year according to Movoto.com. The median days on the market is up 10% over last year at 43 days and the median house size is about 2100 ft.².
A condominium could also include any multifamily properties, townhomes, or duplexes. The median list price for a townhome or condo in Milwaukie is $257,000 with the median days on the market standing at 58. This is down 29% over last year at this time. The median condominium size is 1700 ft.².
Milwaukie is located in the southeast Portland metro area including popular neighborhoods of Southgate, Ardenwald, Hector Campbell, and the historic Milwaukee district. The average list price is over $300,000. Hector Campbell also is a higher-priced neighborhood with an average list price of $330,000.
The number of sales is one of the only figures that are down over last year, which means that if you're planning on selling your property you will have less competition and you might be able to pocket a higher price. If you are planning on buying a home in the Milwaukie real estate area, it could be possible there won't be as much inventory, so prices may tend to be a little bit higher.
For more information on Milwaukie, how much you can afford for a home, or what your home is currently worth, feel free to give me a call at any time. I can offer commute routes to and from the Portland area, local information, and relocation tips to this area.