$7,719 Closing Credit*
$650,000
1,559 SqFt
3 Beds
•2 Full Baths
Sean Turner, Listing Office: Works Real Estate
Is Durham Road / Tigard Area 7, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Durham Road / Tigard Area 7 has remained a Seller's Market.
Key Takeaway
Durham Road / Tigard Area 7 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Durham Road / Tigard Area 7, OR
How much do homes in Durham Road / Tigard Area 7, OR cost?
Median Sold Price
$585,000
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+8.3%)
Key Takeaway
Homes in Durham Road / Tigard Area 7 have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Durham Road / Tigard Area 7 was $585,000 in October 2024, up 8.3% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $279K | N/A |
| 2 Bedrooms | $306.2K | $362K | +18.2% |
| 3 Bedrooms | $537.4K | $545K | +1.4% |
| 4 Bedrooms | $599K | $621K | +3.7% |
| 5+ Bedrooms | - | $842.5K | N/A |
Summary: Durham Road / Tigard Area 7 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes did not change.
Housing Supply in Durham Road / Tigard Area 7, OR
How many homes are available in Durham Road / Tigard Area 7, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 23 | -20.7% |
Summary: The Durham Road / Tigard Area 7 real estate market had 23 homes for sale in October 2024, a 20.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 15 | 7 | -53.3% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Durham Road / Tigard Area 7 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 53.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Durham Road / Tigard Area 7, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Durham Road / Tigard Area 7 in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for Durham Road / Tigard Area 7, OR
How long does it take to sell a home in Durham Road / Tigard Area 7, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 46 Days | +864.6% |
Summary: Homes in Durham Road / Tigard Area 7 had an average of 46 days on market in Oct 2024, up by 864.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Durham Road / Tigard Area 7 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Durham Road / Tigard Area 7; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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