Is Beaverton-Hillsboro, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Beaverton-Hillsboro is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Beaverton-Hillsboro has remained a Seller's Market.

Key Takeaway

Beaverton-Hillsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Beaverton-Hillsboro, OR

How much do homes in Beaverton-Hillsboro, OR cost?

Median Sold Price

$579,786

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,593(+3.5%)

Key Takeaway

Homes in Beaverton-Hillsboro have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Beaverton-Hillsboro was $579,786 in November 2024, up 3.5% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $255K$250K
-2.0%
2 $380K$389K
+2.4%
3 $526.8K$539.6K
+2.4%
4 $684.1K$689.2K
+0.7%
5+ $805K$841.7K
+4.6%

Summary: Beaverton-Hillsboro housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Cities

Rockcreek
+4.7%
Beaverton-Hillsboro
+3.5%
Beaverton
+2.9%
Hillsboro
+2.4%
Chehalem Mountains
-6.0%

Housing Supply in Beaverton-Hillsboro, OR

How many homes are available in Beaverton-Hillsboro, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,8501,614-12.8%

Summary: The Beaverton-Hillsboro real estate market had 1,614 homes for sale in November 2024, a 12.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4639
-15.2%
2 265211
-20.4%
3 732644
-12.0%
4 580504
-13.1%
5+ 227216
-4.8%

Summary: The Beaverton-Hillsboro housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 20.4%, 3 bedroom homes decreased by 12%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 4.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
442337-23.8%

Asking Price vs. Sold Price

142 Homes Were Sold
Under Asking

107 Homes Were Sold
At Asking

88 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Beaverton-Hillsboro, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 337 homes were sold or pending in Beaverton-Hillsboro in November 2024, down by 23.8% month-over-month. Of the 337 sold homes, 42% were sold under asking, 32% were sold at asking, and 26% were sold over asking.

Days on Market for Beaverton-Hillsboro, OR

How long does it take to sell a home in Beaverton-Hillsboro, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days49 Days+23.3%

Summary: Homes in Beaverton-Hillsboro had an average of 49 days on market in Nov 2024, up by 23.3% compared to last year.

Breakdown of Home Sale Times

176 Homes Were Sold
Under 30 Days

100 Homes Were Sold
In 30 - 90 Days

61 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Beaverton-Hillsboro are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 337 homes were sold in Beaverton-Hillsboro; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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