$6,946 Closing Credit*
$584,950
1,369 SqFt
3 Beds
•2 Full Baths
Rebecca Krueger, Mike Day, Listing Office: RE/MAX Equity Group
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 November 2023
At the same time last year, Durham Road / Tigard Area 7 was a Seller's Market.
Key Takeaway
Durham Road / Tigard Area 7 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Durham Road / Tigard Area 7, OR
How much do homes in Durham Road / Tigard Area 7, OR cost?
Median Sold Price
$587,450
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,450(+8.8%)
Key Takeaway
Homes in Durham Road / Tigard Area 7 have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Durham Road / Tigard Area 7 was $587,450 in November 2024, up 8.8% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $279K | N/A |
| 2 Bedrooms | $315K | $365K | +15.9% |
| 3 Bedrooms | $535K | $545K | +1.9% |
| 4 Bedrooms | $605K | $622K | +2.8% |
| 5+ Bedrooms | $929.7K | $831.2K | -10.6% |
Summary: Durham Road / Tigard Area 7 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 10.6%.
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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 16 | -33.3% |
Summary: The Durham Road / Tigard Area 7 real estate market had 16 homes for sale in November 2024, a 33.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Durham Road / Tigard Area 7 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 2 | -81.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Durham Road / Tigard Area 7, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Durham Road / Tigard Area 7 in November 2024, down by 81.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 18 Days | -64.0% |
Summary: Homes in Durham Road / Tigard Area 7 had an average of 18 days on market in Nov 2024, down by 64% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 2 homes were sold in Durham Road / Tigard Area 7; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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