Is Rhododendron, OR 97049 a buyer’s or seller’s market?

The Rhododendron housing market right now

In the three months ending August 31, 2026, 13% of homes in Rhododendron, OR 97049 sold above their list price, the typical home went under contract in 23 days and there were 5.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 37%, homes sold faster (29 days then) and the median sale price fell 33% to $394,829. Overall, Rhododendron is less competitive than a year ago, which gives buyers more room.

Within Clackamas County, homes here sell faster than in 61% of the county’s ZIP codes, and sell less often over asking than in 83%. On our competition score, Rhododendron ranks #137 of 170 OR ZIP codes with enough sales (score 31 out of 100).

Nearby, buyers who want less competition could look at Government Camp 97028 (0% sold over asking) or Beavercreek 97004 (0% sold over asking), while Clackamas 97015 (35% sold over asking) and Portland 97222 (35% sold over asking) are even more competitive.