New Listing
23
$111,300
16300 SE Highway 224 Unit 10
Happy Valley, OR 97089
2 bd2 ba1,296 sqft$86/ft²
Mobile home
Marjorie Baker · McKenzie-Baker Properties
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Compass Real Estate · Happy Valley, OR
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Happy Valley, OR(512) 555-0184TX License #0512847
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Happy Valley, OR Housing Market & Real Estate
Seller's market+1.1% YoY
Housing market overview · Updated monthly ·
$679,988median sale price
How is the Happy Valley, OR housing market right now?
The median home sale price in Happy Valley, OR is $679,988, up 1.1% year-over-year. Homes sell in an average of 17 days with 120 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Happy Valley a buyer's or seller's market?
Seller's market2.8 months of supply17 avg. days on market
Happy Valley, OR is currently a seller's market, based on 2.8 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
43
Last 12 weeks
Days on market
17
Fast-moving
Active listings
120
2.8 months supply
Sale-to-list
99.4%
Below asking
What does the Happy Valley housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $679,988 |
| Median list price | $688,290 |
| Year-over-year price change | +1.1% |
| Average days on market | 17 days |
| Active inventory | 120 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $273/sq ft |
| Homes sold (latest month) | 43 |
| New listings (latest month) | 60 |
| Listings with a price cut | 38.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Happy Valley by property type?
How the Happy Valley, OR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $710,000 | $273/sq ft | 35 | 19 days |
| Condo / Co-op | $392,000 | $324/sq ft | 1 | 52 days |
| Townhouse | $412,480 | $275/sq ft | 8 | 14 days |
Source: Redfin · Updated monthly
The Happy Valley housing market is currently classified as a seller's market with a median sale price of $679,988. Prices have risen 1.1% compared to last year, with homes spending an average of 17 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.8x provides context for how home values compare to local earning capacity.
Homes for sale in Happy Valley
There are currently 120 homes listed for sale in Happy Valley, Oregon. The median listing price is $688K. Featured listings range from $111,300 to $5,500,000.
New BuildPrice Drop −$10K
21
$464,960
16806 SE Ardenwald Park Ter
Happy Valley, OR 97086
3 bd3 ba1,520 sqft$306/ft²
Townhouse
View photos & details
New Build
22
$589,995
9396 SE 162nd Ave
Happy Valley, OR 97086
4 bd3 ba2,025 sqft$291/ft²
House
View photos & details
New Build
22
$594,995
9474 SE 162nd Ave
Happy Valley, OR 97086
4 bd3 ba2,025 sqft$294/ft²
House
View photos & details
New Build
27
$609,995
9463 SE Crystal Rose St
Happy Valley, OR 97086
5 bd3 ba2,045 sqft$298/ft²
House
View photos & details
New Build
21
$614,995
9456 SE 162nd Ave
Happy Valley, OR 97086
4 bd3 ba2,278 sqft$270/ft²
House
View photos & details
New Build
30
$658,210
Address unavailable
Happy Valley, OR 97086
3 bd2 ba1,594 sqft$413/ft²
House
Douglas Samson · Holt Homes Realty, LLC
View photos & details
New Build
19
$687,995
9391 SE Crystal Rose St
Happy Valley, OR 97086
5 bd3 ba2,704 sqft$254/ft²
House
View photos & details
New Listing
34
$785,000
11546 SE Lincoln Heights St
Happy Valley, OR 97086
4 bd3 ba2,500 sqft$314/ft²
House
Courtney Mcaulay · Real Broker
View photos & details
New Listing
48
$899,900
15315 SE Lewis St
Happy Valley, OR 97086
5 bd3 ba3,002 sqft$300/ft²
House5,663 sqft lot
Charles Grant · MORE Realty
View photos & details
New Listing
47
$899,900
10072 SE Wyndham Way
Happy Valley, OR 97086
4 bd3 ba3,088 sqft$291/ft²
House
Korrie Hicks · KOR Realty
View photos & details
New Listing
6
$5,500,000
9155 SE Sunnyside Rd
Happy Valley, OR 97015
Land1.96 acres
Vince Cortese · LUXE Forbes Global Properties
View photos & details
Looking to buy in Happy Valley?
Get connected with a local real estate expert — free, no obligation.
Active listings
120
Homes on market
Median list price
$688K
Avg. days on market
17
Days until sale
New this week
60
Newly listed
Price drops:38.3%of listings
Sale-to-list:99.4%
Who lives in Happy Valley?
Population
25,572
Median income
$120,324/yr
Median age
39.7 years
Owner-occupied
82.0%
College grads
46.4%
Avg commute
28.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Happy Valley?
Zillow home value
$691,900
Zillow rent index
$1,833/mo
Price-to-rent ratio
31.5x
Price-to-income
5.8x
Source: Zillow Research
What is it like to live in Happy Valley?
Happy Valley is a community of approximately 26K residents with a median age of 39.7 years.The median household income is $120,324, which reflects a relatively affluent area with strong earning potential. 46.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 82.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Happy Valley offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Happy Valley?
8 schools tracked · 5,019 students
The largest public schools serving Happy Valley, OR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Adrienne C. Nelson High School
Grades 9-12 · 1,430 students
Happy Valley Middle School
Grades 6-8 · 1,111 students
Scouters Mountain Elementary
Grades K-5 · 551 students
Happy Valley Elementary School
Grades K-5 · 484 students
Mount Scott Elementary School
Grades K-5 · 418 students
Verne A Duncan Elementary School
Grades K-5 · 390 students
Spring Mountain Elementary School
Grades K-5 · 353 students
Clackamas Middle College
Grades 9-12 · 282 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Happy Valley, OR?
Want a head-to-head view? Compare Happy Valley side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Happy Valley?
Is Happy Valley a good real estate investment market?
For investors evaluating Happy Valley, the price-to-rent ratio of 31.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 1.1% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Happy Valley's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Happy Valley's median home price.
Frequently asked questions
What is the average home price in Happy Valley?
The median home sale price in Happy Valley is $679,988, up 1.1% from last year.
How long do homes stay on market in Happy Valley?
Homes typically spend 17 days on market before going under contract.
What is the median income in Happy Valley?
The median household income is $120,324 per year.
Is Happy Valley a buyer's or seller's market?
With 2.8 months of supply, Happy Valley is currently a seller's market.
How many homes are for sale in Happy Valley?
There are currently 120 homes listed for sale in Happy Valley, OR.
What is the Zillow home value estimate for Happy Valley?
The Zillow Home Value Index (ZHVI) for Happy Valley is $691,900, representing the typical home value in the area.
What is the median condo price in Happy Valley?
The median condo/co-op sale price in Happy Valley, OR is $392,000, compared to $710,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Happy Valley?
The median single-family home price in Happy Valley, OR is $710,000 (about $273 per square foot).
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