Is Tigard, 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, Tigard was a Seller's Market.
Housing Prices in Tigard, OR
How much do homes in Tigard, OR cost?
Median Sold Price
$596,500
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tigard was $596,500 in March 2024, down 2.5% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $240K | +17.1% |
2 Bedrooms | $421.4K | $415K | -1.5% |
3 Bedrooms | $565K | $570K | +0.9% |
4 Bedrooms | $680K | $690K | +1.5% |
5+ Bedrooms | $865K | $809K | -6.5% |
Summary: Tigard housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Lake Oswego | $862.5K | $883K | +2.4% |
King City | $410K | $410K | 0.0% |
Tualatin | $633.5K | $633.7K | 0.0% |
Tigard | $611.6K | $596.5K | -2.5% |
Housing Supply in Tigard, OR
How many homes are available in Tigard, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
220 | 249 | +13.2% |
Summary: The Tigard real estate market had 249 homes for sale in March 2024, a 13.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 32 | +52.4% |
3 Bedrooms | 85 | 93 | +9.4% |
4 Bedrooms | 72 | 82 | +13.9% |
5+ Bedrooms | 41 | 41 | 0.0% |
Summary: The Tigard housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 52.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 30 | +36.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Tigard in March 2024, up by 36.4% month-over-month. Of the 30 sold homes, 27% were sold under asking, 30% were sold at asking, and 43% were sold over asking.
Days on Market for Tigard, OR
How long does it take to sell a home in Tigard, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 23 Days | -30.5% |
Summary: Homes in Tigard had an average of 23 days on market in Mar 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Tigard; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.