Median listed price for residential homes in Molalla, Oregon is $235,000 for the week of December 9th, 2013. Price per square foot is going down (currently $133) with the average time on market (157 days) whereas the number of available properties (109 listings) is holding steady. Interestingly, the most expensive residential listing in Molalla, Oregon is over 85 acres(70+ in commercial agriculture) and is available at 1.2 million dollars (If interested feel free to visit this site and reference RMLS: 12494316).
Land, Horse Properties & Residential Housing
Molalla, Oregon shows a sharp divide between it’s sprawling 20+ acre equestrian homes featuring riding arenas, barns, outbuildings, commercially successful farms and other improvements and remaining residential homes generally built in subdivisions on neighborhood-sized lots. Median price for expansive horse properties in Molalla is currently $550,000 and feature an average of 20+ acres of land. Lower tier residences on lot sizes ranging from 6k-10k sized neighborhood lots can be purchased for $157,000-262,000 depending on square footage of home, year built and overall condition. The high price for farms and ranches on acreage leads some equestrian enthusiasts to feel priced out of the market due to gentrification and supply vs demand.