Molalla, Clackamas County, Oregon
Zip Code 97038
April 7th, 2014
Homes on Acreage in Molalla, OR
Residential properties on acreage in Molalla, OR represent the top pricing tier for this housing market. Average lot sizes exceed 20 acres while homes average 2485 square feet. These spacious equestrian homes on even more spacious lots fetch an average listing price of $552,500. For this week, one such listing has sold while two newly listed properties in the same category rise to replace it. All of the lower pricing tier properties in the area are typified by homes in residential subdivision sized city lots. Although these neighborhood homes offer considerable value, acreage for horses, farming or just enjoying outdoors remain highly desirable.
Upper/Second Tier Homes For Sale In Molalla, OR
Residential homes for sale in the upper second price tier feature a median asking price of $257,000 and offer 2178 square feet on 8,000-10,000 square foot lots. Homes in this range were generally built around the year 2000 giving them a fairly modern, tasteful designs. Market action in this upper second tier has been strong with 5 new listings and 4 sold listings just this week. This strong activity reflects the functionality and reasonable price point in this category.
Lower/Third Price Tier Real Estate In Molalla
The most extreme activity for buying and selling is to be found in the third price tier with its median asking price of $197,250. These 1400 square foot homes sold extremely well and new listings are not keeping pace with the strong demand in this category. With only one new listing to replace the 6 sold listings in this category, I wouldn’t be surprised if this price tier sees upward pressure on home values before the higher priced homes increase (this is in no way a prediction/promise of future value or profits). In today’s tight economy, it shouldn’t come as a surprise that these reasonably priced homes are selling so well. And, while many may want horse properties on acreage or a large farm, today’s cost-conscious consumers are watching their finances carefully.
By Richard Lockwood
Real Estate Broker
Licensed in the State of Oregon