Is Washington County, 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, Washington County has remained a Seller's Market.
Housing Prices in Washington County, OR
How much do homes in Washington County, OR cost?
Median Sold Price
$579,998
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Washington County was $579,998 in May 2024, up 1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257.4K | $250K | -2.9% |
2 Bedrooms | $385.1K | $385K | 0% |
3 Bedrooms | $529.8K | $534.9K | +1.0% |
4 Bedrooms | $693.8K | $694.6K | 0.1% |
5+ Bedrooms | $855.6K | $840.6K | -1.7% |
Summary: Washington County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Counties
Columbia County | $439.5K | $450K | +2.4% |
Washington County | $574.2K | $579.9K | +1.0% |
Yamhill County | $477.5K | $481K | +0.7% |
Multnomah County | $507.5K | $499.9K | -1.5% |
Tillamook County | $549.6K | $534K | -2.9% |
Housing Supply in Washington County, OR
How many homes are available in Washington County, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,285 | 2,590 | +13.3% |
Summary: The Washington County real estate market had 2,590 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 35 | +20.7% |
2 Bedrooms | 286 | 330 | +15.4% |
3 Bedrooms | 873 | 980 | +12.3% |
4 Bedrooms | 782 | 885 | +13.2% |
5+ Bedrooms | 315 | 360 | +14.3% |
Summary: The Washington County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.7%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
517 | 562 | +8.7% |
Asking Price vs. Sold Price
179 Homes Were Sold
Under Asking
140 Homes Were Sold
At Asking
242 Homes Were Sold
Over Asking
Summary: A total of 562 homes were sold or pending in Washington County in May 2024, up by 8.7% month-over-month. Of the 561 sold homes, 32% were sold under asking, 25% were sold at asking, and 43% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 38 Days | +32.4% |
Summary: Homes in Washington County had an average of 38 days on market in May 2024, up by 32.4% compared to last year.
Breakdown of Home Sale Times
385 Homes Were Sold
Under 30 Days
111 Homes Were Sold
In 30 - 90 Days
66 Homes Were Sold
Over 90 Days
Summary: During May 2024, 562 homes were sold in Washington County; 69% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.