Building Costs Per Square Foot in the State of Oregon, USA

Oregon 16844 Downey Road Bend OR97707 - 3 Bed and 3 Baths with 2 Attached Garages on Gross Floor Area 2,334 sqft - Built in 2021 - Price $874,000 (3)

Newly Built House in Oregon 16844 Downey Road Bend OR97707 – 3 Bed and 3 Baths with 2 Attached Garages on Gross Floor Area 2,334 sqft – Built in 2021 – Price $874,000 (3)

Residential Construction Market Analysis in the State of Oregon, USA

Building costs are 3% below the national average in the state of Oregon, and equivalent to the states of Indiana, Iowa, Missouri, Montana and Utah. Most people know Oregon for its exotic and varied landscapes with volcanoes, glaciers, and mountains, making it a unique sight during the winter when snow covers the pine trees that fill all its forests. Do not let its rainy storms scare you, it is a beautiful place to live, and every year more people choose it.

If you are looking for properties in the Beaver State, then it is important that you are prepared for what awaits you: from changing prices, increases, and decreases in value within the same month, and a great diversity of construction types, it is very easy to feel overwhelmed by this state. If this is your case, don’t worry, here we will tell you how the real estate market is for residential construction in Oregon, giving you some tips on which are the best cities, what type of construction abound, and much more.

Oregon Construction Outlook

Oregon is one of the states that most embraces the nature that surrounds it, which is perfect for lovers of outdoor activities but also means a risk for construction. It is important that you anticipate that it is likely that if you are building the house or a building from scratch, the rains in this state can slow you down. In addition, the winters are very cold so the house must be conditioned to withstand them.

In the middle of the forests, there are some houses built in the form of cabins, with wooden exteriors, but this is not usually present in the cities and they are usually more for tourists or vacation homes. In the cities, you will see the typical brick houses, with an architectural style of the 70s or 80s, although their interiors are usually renovated so there is nothing to worry about.

Oregon Housing Market Analysis and Forecast

Due to the pandemic, between 2020 and 2021 Oregon was one of the states where many vendors were wary of opening their doors to strangers who could carry the virus. This meant that around 1 in 4 sellers has chosen to close their doors (which is one of the highest numbers in the entire country), making it difficult for some properties to sell. Fortunately, this 2022 the situation improved and everyone is already receiving visits, which together with other factors of the economy in general caused the number of properties that were sold to increase exponentially.

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