Lake Oswego Real Estate Market Update

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Lake Oswego Real Estate Market Update

Lake Oswego is located about 30 minutes south of downtown Portland depending on traffic nestled between Interstate 205 and Interstate 5 on the west side of the Willamette River. The entire town surrounds Oswego Lake and it's home to about 36,000 residents.Lake Oswego real estate market report

On average there are about 150 to 200 properties for sale throughout Lake Oswego with the median sale price of about $490,000. The average home price is about $534,000 and the median days on the market are between 65 and 85 days. The median list price is about $788,000 as this is skewed by many luxury waterfront homes and estates the can range well over two to $3 million. The median house size is about 3100 ft.² and the median price per square foot is about $275, up 23% over last year.

Home prices in Lake Oswego have been increasing dramatically over the last two years and most of the homes are well out of the pre-recession prices. There are very few homes currently still underwater, meaning the homeowners owe more than it's worth.

There are a few townhouses in condominium buildings in Lake Oswego as well with the median list price of about $275,000. In all there are roughly 20 to 30 properties in the multifamily property category for sale at any one time. The median condo size is about 1200 ft.² with the median days on the market of about 55 to 60 days. 

There are several lots and parcels of land for sale that could be priced under $200,000 but they are somewhat rare. Prices usually start about $200,000 to over $6 million based on size, condition, location and lot size. Even though there is a downtown Lake Oswego, the majority of the entire area is residential.

The following statistics are current and up-to-date each day and show the top 20 new listings on the market, pending sales and the most recent 20 properties that are sold in the last three months. If you're selling your home this gives you a good snapshot as to what the homes sold for and how long it took to sell. For buyers, it gives you a good idea of a simple list of properties for sale starting with the newest homes on the market.

If you'd like more information on any of these units, homes for sale or lots please contact my office today and be sure to check back as this page is consistently updated each day with new reports. (The above image is from an actual MLS Listing for Lake Oswego. )

 

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
860 SKYLAND DR 4 3 3,527 $1,320,000 $374 1 day
4357 SOUTHSHORE BLVD 5 5.1 5,220 $2,995,000 $573 2 days
37 GREENRIDGE CT 2 1.1 1,176 $399,000 $339 2 days
4991 HARTFORD PL 3 3.1 3,098 $859,950 $277 3 days
44 TOUCHSTONE 5 3 2,507 $975,000 $388 2 days
16200 S Pacific HWY Unit #23 2 2 1,208 $359,000 $297 3 days
736 SOUTHVIEW RD 4 3.2 4,639 $3,348,000 $721 3 days
4963 SUNTREE LN 2 2.1 1,861 $549,900 $295 3 days
28 WESTRIDGE DR 4 2.1 2,580 $724,900 $280 3 days
4150 UPPER DR 4 3.1 3,466 $1,425,000 $411 4 days
1023 HALLINAN ST 3 1.1 1,092 $495,000 $453 4 days
86 KINGSGATE RD Unit #C-102 2 2 924 $225,000 $243 5 days
17322 CEDAR RD 4 4 3,432 $1,950,000 $568 5 days
CHILDS CT 3 2.1 2,445 $958,000 - $988,000 $397 5 days
12 MOZARTEUM CT 4 2.1 2,915 $659,000 $226 5 days
310 IRON MOUNTAIN BLVD 5 3.1 4,927 $2,150,000 $436 6 days
885 8TH ST 3 2 1,730 $885,000 $511 7 days
5382 ROYAL OAKS DR 4 2.1 2,970 $769,000 $258 6 days
1069 TIMBERLINE DR 4 3 2,173 $725,000 $333 6 days
2085 RIDGE POINTE DR 5 4.2 6,575 $1,199,000 $182 7 days
Average: 3.8 2.9 3,447 $1,327,191 $371 85 days
Viewing 1 - 20 of 231
Viewing 1 - 20 of 231
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
2164 GOODALL CT 3 2 2,016 $300,000 $148 3 days
1400 LABURNUM WAY 4 3 2,106 $475,000 $225 2 days
2745 GREENTREE RD 2 2 1,219 $598,500 $490 0 days
830 4TH ST 3 2 1,890 $799,900 $423 0 days
540 8TH ST 4 3.1 2,920 $1,289,000 $441 2 days
13 GROUSE TER 4 2.1 2,108 $565,000 $268 1 day
5608 GRAND OAKS DR 5 3 3,129 $879,000 $280 2 days
521 2ND ST Unit #104 2 2 1,339 $700,000 $522 4 days
6397 MCEWAN RD 3 2 1,008 $439,900 $436 3 days
44 AQUINAS ST 4 2 1,914 $550,000 $287 4 days
1575 IVY CT 4 3 2,432 $640,000 $263 3 days
2655 DELLWOOD DR 4 2.1 3,164 $915,000 $289 7 days
285 BERWICK RD 3 3.1 2,518 $950,000 $377 6 days
17270 CANYON DR 4 3 2,754 $674,900 $245 5 days
17690 BLUE HERON RD 4 3 3,869 $1,199,900 $310 13 days
13188 VERMEER DR 3 2.1 1,862 $589,000 $316 6 days
21 BECKET ST 4 2.1 3,070 $629,900 $205 4 days
815 OAK ST 4 3.1 3,836 $1,035,000 $269 6 days
17036 Canal CIR 4 3.1 3,931 $1,650,000 $419 13 days
14260 UPLANDS DR 4 3 2,831 $1,284,000 $453 5 days
Average: 3.4 2.6 2,735 $948,598 $343 49 days
Viewing 1 - 20 of 150
Viewing 1 - 20 of 150
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
6025 KENNY ST 3 1.1 1,254 $489,900 $520,000 $414 2 days 7/2/20
5215 MADRONA ST 3 2 1,325 $479,900 $500,000 $377 4 days 7/2/20
22 MORNINGVIEW CIR 3 2.1 3,438 $562,500 $546,500 $158 18 days 7/2/20
5465 CHILDS RD 4 2 1,487 $589,900 $590,000 $396 4 days 7/1/20
16368 LAKE FOREST BLVD 4 2.1 2,750 $899,000 $915,000 $332 7 days 7/1/20
4208 ALBERT CIR 5 3 2,777 $790,000 $790,000 $284 11 days 7/1/20
4190 CHAPMAN WAY 3 3.1 3,624 $1,249,000 $1,185,000 $326 67 days 7/1/20
4484 WEST BAY RD 5 2.1 4,417 $1,250,000 $1,270,000 $287 53 days 7/1/20
748 6TH ST 3 3.1 2,865 $1,425,000 $1,425,000 $497 151 days 7/1/20
2101 WEMBLEY PARK RD 5 3 3,410 $320,000 $459,000 $134 2 days 6/30/20
14003 CHELSEA DR 4 2.1 3,270 $895,000 $895,000 $273 2 days 6/30/20
4646 LOWER DR 2 2 1,260 $275,000 $280,000 $222 8 days 6/30/20
16251 REESE RD 3 2.1 2,555 $745,000 $742,000 $290 21 days 6/30/20
2445 GLENMORRIE DR 5 5 5,168 $1,299,000 $1,250,000 $241 30 days 6/30/20
184 D AVE 3 2.1 1,636 $647,000 $635,000 $388 37 days 6/30/20
1646 LESLIE LN 4 4.1 4,879 $1,868,000 $1,720,000 $352 28 days 6/30/20
12 HIDALGO ST N/A N/A N/A $99,900 $85,000 Unknown 152 days 6/30/20
950 CEDAR ST 4 3.1 3,266 $1,079,900 $1,025,000 $313 79 days 6/29/20
34 MORNINGVIEW CIR 4 2.1 2,942 $615,000 $597,325 $203 152 days 6/29/20
18060 EASTRIDGE LN 4 5.1 5,111 $2,300,000 $2,300,000 $450 0 days 6/26/20
Average: 3.5 2.4 2,562 $813,641 $796,425 $304 40 days
Viewing 1 - 20 of 202
Viewing 1 - 20 of 202
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2020 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.