Is West Beaverton, 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 Beaverton has remained a Seller's Market.
Key Takeaway
West Beaverton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Beaverton, OR
How much do homes in West Beaverton, OR cost?
Median Sold Price
$552,500
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in West Beaverton have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in West Beaverton was $552,500 in May 2024, up 3.3% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $257K | +9.4% |
| 2 Bedrooms | $365K | $360K | -1.4% |
| 3 Bedrooms | $530K | $527.4K | -0.5% |
| 4 Bedrooms | $680K | $652.5K | -4.0% |
| 5+ Bedrooms | $630K | $739.7K | +17.4% |
Summary: West Beaverton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 17.4%.
Housing Supply in West Beaverton, OR
How many homes are available in West Beaverton, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 31 | +3.3% |
Summary: The West Beaverton real estate market had 31 homes for sale in May 2024, a 3.3% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 9 | -25.0% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The West Beaverton 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 decreased by 25%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Beaverton, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in West Beaverton in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for West Beaverton, OR
How long does it take to sell a home in West Beaverton, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 16 Days | +182.8% |
Summary: Homes in West Beaverton had an average of 16 days on market in May 2024, up by 182.8% compared to last year.
Breakdown of Home Sale Times
10 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 West Beaverton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in West Beaverton; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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