Is West Linn, 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, West Linn was a Seller's Market.
Key Takeaway
West Linn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Linn, OR
How much do homes in West Linn, OR cost?
Median Sold Price
$798,500
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Linn have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in West Linn was $798,500 in March 2024, up 4.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $274.9K | $265.5K | -3.4% |
| 2 Bedrooms | $395K | $377.5K | -4.4% |
| 3 Bedrooms | $650K | $642.5K | -1.2% |
| 4 Bedrooms | $867.5K | $882.5K | +1.7% |
| 5+ Bedrooms | $1.0M | $1.0M | -2.2% |
Summary: West Linn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Oregon City | $566K | $591K | +4.4% |
| West Linn | $766.1K | $798.5K | +4.2% |
| Lake Oswego | $862.5K | $883K | +2.4% |
| Northwest Clackamas | $620.9K | $625.1K | +0.7% |
| Gladstone | $510K | $490.2K | -3.9% |
Housing Supply in West Linn, OR
How many homes are available in West Linn, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 211 | 219 | +3.8% |
Summary: The West Linn real estate market had 219 homes for sale in March 2024, a 3.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 53 | 55 | +3.8% |
| 4 Bedrooms | 96 | 95 | -1.0% |
| 5+ Bedrooms | 40 | 44 | +10.0% |
Summary: The West Linn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Linn, you may be able to get a good deal. 55% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in West Linn in March 2024, down by 13.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 35% were sold at asking, and 10% were sold over asking.
Days on Market for West Linn, OR
How long does it take to sell a home in West Linn, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 49 Days | +23.0% |
Summary: Homes in West Linn had an average of 49 days on market in Mar 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Linn are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in West Linn; 65% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 25% 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.