Is Washington County, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington County is a buyer's market

Buyer's
Market

Difference Since January 2023

At the same time last year, Washington County was a Seller's Market.

Key Takeaway

Washington County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Washington County, OR

How much do homes in Washington County, OR cost?

Median Sold Price

$575,764

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$5,234(-0.9%)

Key Takeaway

Homes in Washington County have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Washington County was $575,764 in January 2024, down 0.9% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $260K$253K
-2.7%
2 $390.1K$385K
-1.3%
3 $539.9K$529.9K
-1.9%
4 $699.9K$693.4K
-0.9%
5+ $865K$849.3K
-1.8%

Summary: Washington County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Counties

Columbia County
+1.1%
Yamhill County
+1.0%
Tillamook County
+0.6%
Washington County
-0.9%
Multnomah County
-3.8%

Housing Supply in Washington County, OR

How many homes are available in Washington County, OR?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2,5162,539+0.9%

Summary: The Washington County real estate market had 2,539 homes for sale in January 2024, a 0.9% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 4332
-25.6%
2 288307
+6.6%
3 984998
+1.4%
4 852854
0.2%
5+ 349348
-0.3%

Summary: The Washington County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 0.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
377287-23.9%

Asking Price vs. Sold Price

141 Homes Were Sold
Under Asking

68 Homes Were Sold
At Asking

78 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington County, you may be able to get a good deal. 49.1% of homes here sold below asking price last month.

Summary: A total of 287 homes were sold or pending in Washington County in January 2024, down by 23.9% month-over-month. Of the 287 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.

Days on Market for Washington County, OR

How long does it take to sell a home in Washington County, OR?

Average Sale Time

Jan 2023Jan 2024CHANGE
45 Days55 Days+23.0%

Summary: Homes in Washington County had an average of 55 days on market in Jan 2024, up by 23% compared to last year.

Breakdown of Home Sale Times

124 Homes Were Sold
Under 30 Days

105 Homes Were Sold
In 30 - 90 Days

58 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Washington County are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 287 homes were sold in Washington County; 43% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Washington County, OR

Nearby Markets to Washington County, OR

What housing markets are near Washington County, OR?