Is West Linn, 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, West Linn has remained a Seller's Market.
Housing Prices in West Linn, OR
How much do homes in West Linn, OR cost?
Median Sold Price
$789,625
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Linn was $789,625 in April 2024, up 1.9% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $277.4K | $259K | -6.6% |
2 Bedrooms | $384K | $375K | -2.3% |
3 Bedrooms | $669.2K | $620.1K | -7.3% |
4 Bedrooms | $862.4K | $875K | +1.5% |
5+ Bedrooms | $967.5K | $1.0M | +5.4% |
Summary: West Linn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Oregon City | $565K | $596K | +5.5% |
Lake Oswego | $870K | $888.6K | +2.1% |
West Linn | $775K | $789.6K | +1.9% |
Northwest Clackamas | $620K | $625.4K | +0.9% |
Gladstone | $500K | $497.5K | -0.5% |
Housing Supply in West Linn, OR
How many homes are available in West Linn, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 155 | +28.1% |
Summary: The West Linn real estate market had 155 homes for sale in April 2024, a 28.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 31 | 37 | +19.4% |
4 Bedrooms | 45 | 61 | +35.6% |
5+ Bedrooms | 24 | 35 | +45.8% |
Summary: The West Linn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 35.6%, and 5+ bedroom homes increased by 45.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 39 | +62.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in West Linn in April 2024, up by 62.5% month-over-month. Of the 39 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 33 Days | +119.8% |
Summary: Homes in West Linn had an average of 33 days on market in Apr 2024, up by 119.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 39 homes were sold in West Linn; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.