Is 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, Beaverton has remained a Seller's Market.
Key Takeaway
Beaverton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Beaverton, OR
How much do homes in Beaverton, OR cost?
Median Sold Price
$534,823
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Beaverton has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258K | $265K | +2.7% |
| 2 Bedrooms | $360K | $362.3K | +0.7% |
| 3 Bedrooms | $520K | $519.9K | 0% |
| 4 Bedrooms | $665K | $656K | -1.3% |
| 5+ Bedrooms | $795K | $777K | -2.3% |
Summary: Beaverton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 0.7%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Rockcreek | $613K | $648.3K | +5.8% |
| Portland West | $621.9K | $630K | +1.3% |
| Portland | $532.1K | $538.6K | +1.2% |
| Beaverton | $534.9K | $534.8K | 0% |
| Tigard | $609.9K | $591.4K | -3.0% |
Housing Supply in Beaverton, OR
How many homes are available in Beaverton, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 618 | 689 | +11.5% |
Summary: The Beaverton real estate market had 689 homes for sale in May 2024, a 11.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 15 | -6.3% |
| 2 Bedrooms | 104 | 112 | +7.7% |
| 3 Bedrooms | 254 | 287 | +13.0% |
| 4 Bedrooms | 203 | 224 | +10.3% |
| 5+ Bedrooms | 41 | 51 | +24.4% |
Summary: The Beaverton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 24.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 155 | 172 | +11.0% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
84 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beaverton, you could pay more than the asking price. 49.1% of homes here sold above asking price last month.
Summary: A total of 172 homes were sold or pending in Beaverton in May 2024, up by 11.0% month-over-month. Of the 171 sold homes, 29% were sold under asking, 22% were sold at asking, and 49% were sold over asking.
Days on Market for Beaverton, OR
How long does it take to sell a home in Beaverton, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 28 Days | +48.9% |
Summary: Homes in Beaverton had an average of 28 days on market in May 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
127 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beaverton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 172 homes were sold in Beaverton; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% 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.