Is Beaverton-Hillsboro, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Beaverton-Hillsboro was a Seller's Market.
Key Takeaway
Beaverton-Hillsboro is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Beaverton-Hillsboro, OR
How much do homes in Beaverton-Hillsboro, OR cost?
Median Sold Price
$573,039
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Beaverton-Hillsboro has remained the same since last year.
Summary: The median home sold price in Beaverton-Hillsboro was $573,039 in March 2024, down 0.2% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $250K | 0.0% |
| 2 Bedrooms | $385K | $385K | 0.0% |
| 3 Bedrooms | $537.7K | $535K | -0.5% |
| 4 Bedrooms | $695.2K | $689.8K | -0.8% |
| 5+ Bedrooms | $849.9K | $818.1K | -3.7% |
Summary: Beaverton-Hillsboro housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Hillsboro | $515K | $535.6K | +4.0% |
| Rockcreek | $612.9K | $634.6K | +3.5% |
| Chehalem Mountains | $789K | $814.2K | +3.2% |
| Beaverton-Hillsboro | $574K | $573K | -0.2% |
| Beaverton | $546K | $530.8K | -2.8% |
Housing Supply in Beaverton-Hillsboro, OR
How many homes are available in Beaverton-Hillsboro, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,932 | 2,071 | +7.2% |
Summary: The Beaverton-Hillsboro real estate market had 2,071 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 35 | +20.7% |
| 2 Bedrooms | 260 | 297 | +14.2% |
| 3 Bedrooms | 786 | 789 | 0.4% |
| 4 Bedrooms | 631 | 710 | +12.5% |
| 5+ Bedrooms | 226 | 240 | +6.2% |
Summary: The Beaverton-Hillsboro housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 6.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 258 | 297 | +15.1% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
110 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beaverton-Hillsboro, you could pay more than the asking price. 37% of homes here sold above asking price last month.
Summary: A total of 297 homes were sold or pending in Beaverton-Hillsboro in March 2024, up by 15.1% month-over-month. Of the 297 sold homes, 36% were sold under asking, 27% were sold at asking, and 37% were sold over asking.
Days on Market for Beaverton-Hillsboro, OR
How long does it take to sell a home in Beaverton-Hillsboro, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 41 Days | +17.6% |
Summary: Homes in Beaverton-Hillsboro had an average of 41 days on market in Mar 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
189 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
52 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beaverton-Hillsboro are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 297 homes were sold in Beaverton-Hillsboro; 64% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 18% 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.