Is West Linn, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Linn has remained a Seller's Market.
Key Takeaway
West Linn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Linn, OR
How much do homes in West Linn, OR cost?
Median Sold Price
$776,416
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in West Linn has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $258.2K | -7.8% |
| 2 Bedrooms | $380K | $420K | +10.5% |
| 3 Bedrooms | $665K | $617.5K | -7.1% |
| 4 Bedrooms | $859.9K | $878K | +2.1% |
| 5+ Bedrooms | $967.4K | $1.0M | +4.4% |
Summary: West Linn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Oregon City | $558.8K | $600K | +7.4% |
| Gladstone | $487K | $501.5K | +3.0% |
| Lake Oswego | $873.3K | $889.9K | +1.9% |
| Northwest Clackamas | $620.6K | $625.1K | +0.7% |
| West Linn | $776.7K | $776.4K | 0% |
Housing Supply in West Linn, OR
How many homes are available in West Linn, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 167 | 182 | +9.0% |
Summary: The West Linn real estate market had 182 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 39 | 47 | +20.5% |
| 4 Bedrooms | 64 | 70 | +9.4% |
| 5+ Bedrooms | 38 | 39 | +2.6% |
Summary: The West Linn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Linn, you may be able to get a good deal. 34.8% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in West Linn in May 2024, up by 15.0% month-over-month. Of the 46 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for West Linn, OR
How long does it take to sell a home in West Linn, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 20 Days | -7.4% |
Summary: Homes in West Linn had an average of 20 days on market in May 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Linn are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 46 homes were sold in West Linn; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.