Is Durham Road / Tigard Area 7, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Durham Road / Tigard Area 7 has remained a Seller's Market.
Key Takeaway
Durham Road / Tigard Area 7 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Durham Road / Tigard Area 7, OR
How much do homes in Durham Road / Tigard Area 7, OR cost?
Median Sold Price
$562,750
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Durham Road / Tigard Area 7 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Durham Road / Tigard Area 7 was $562,750 in April 2024, down 2.1% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | - | N/A |
| 2 Bedrooms | $330K | $342K | +3.6% |
| 3 Bedrooms | $560K | $545K | -2.7% |
| 4 Bedrooms | $632K | $585K | -7.4% |
| 5+ Bedrooms | $740K | $859.9K | +16.2% |
Summary: Durham Road / Tigard Area 7 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 16.2%.
Housing Supply in Durham Road / Tigard Area 7, OR
How many homes are available in Durham Road / Tigard Area 7, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Durham Road / Tigard Area 7 real estate market had 24 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Durham Road / Tigard Area 7 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Durham Road / Tigard Area 7, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Durham Road / Tigard Area 7 in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Durham Road / Tigard Area 7, OR
How long does it take to sell a home in Durham Road / Tigard Area 7, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 31 Days | +267.7% |
Summary: Homes in Durham Road / Tigard Area 7 had an average of 31 days on market in Apr 2024, up by 267.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Durham Road / Tigard Area 7 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Durham Road / Tigard Area 7; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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