What’s Happening in the Canby & Oregon City Housing Market? [May 2025 Update]

Thinking about buying or selling a home in Canby or Oregon City this summer? You're not alone. As we head into the warmer months, a lot of local homeowners and would-be buyers are watching the market closely—and for good reason. Things are shifting, and understanding what’s really happening can help you make smarter decisions.

Here’s what I’m seeing on the ground and in the data this month.

📊 The Market Is Cooling—But Not Crashing

Let’s get this out of the way: the market isn’t falling off a cliff. But it is softening.

According to the latest RMLS data from April 2025, pending sales in Canby and Oregon City are down 3.8% year-over-year, even as new listings have increased. That means more homes are hitting the market, but fewer are going under contract right away.

At the same time, inventory has ticked up to 3.1 months—a noticeable shift compared to the ultra-tight conditions we’ve seen over the past couple of years.

In plain English? Buyers have more breathing room, and sellers need to be strategic.

🏠 What’s Happening in Canby Specifically?

The most recent real-time data from Altos Research gives us a zoomed-in view of Canby:

• Median list price: $684,675

• Active listings: 52 (and climbing)

• Average days on market: 82

• Price reductions: Seen on 33% of homes currently listed

• Market action index: 34 – Still a slight seller’s market, but trending downward

We're seeing more homes sit a little longer, and pricing is getting more sensitive—especially for homes that aren't turnkey or are priced at the top of the range.

👥 Advice for Buyers

If you're shopping for a home in Canby or Oregon City:

• You’ve got more options now than you would have just a few months ago.

• The market is still competitive under $600K, but bidding wars are becoming less common.

• This may be your window to find the right home without feeling rushed.

That said, the best homes are still moving fast—so being prepared with financing and a clear game plan still matters.

💡 Advice for Sellers

If you’re thinking of listing your home this summer:

• Price matters more than ever. Overpricing can lead to longer days on market and eventually a price drop.

• Homes that are staged, prepped, and photographed well are still selling—and sometimes with strong offers.

• Know your audience. Most of today’s buyers are cautious and budget-conscious. They’re looking for value, not just square footage.

It’s not 2021 anymore, but it’s still a good time to sell—with the right approach.

🎯 Bottom Line: It’s a Strategy Market

The shift toward balance means that neither buyers nor sellers have a clear upper hand. That’s where having a trusted local guide (👋 hi, that’s me!) makes a difference.

If you’re thinking about moving—or just want to understand how the value of your home fits into this changing market—I’d love to talk. No pressure, just good info.

Have questions about buying or selling in Canby or Oregon City?
Reach out anytime at jen@jenschurter.com or give me a call. I'm always here to help you make sense of the market and find your next right step.

🔍 Related Searches this Blog May Help Answer:

• Is now a good time to sell my home in Canby?

• How’s the Oregon City housing market in 2025?

• Should I wait to buy a home this summer?

• Real estate trends in Clackamas County

• Buying vs. selling in Canby this year