Is West Linn, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Linn is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West Linn has remained a Seller's Market.

Key Takeaway

West Linn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Linn, OR

How much do homes in West Linn, OR cost?

Median Sold Price

$780,000

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,500(+1.4%)

Key Takeaway

Homes in West Linn have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in West Linn was $780,000 in October 2024, up 1.4% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $259.9K$258.2K
-0.7%
2 $380K$380K
0.0%
3 $642.5K$652.5K
+1.6%
4 $885K$880K
-0.6%
5+ $1.0M$1.1M
+13.8%

Summary: West Linn housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 13.8%.

Median Sold Price Compared To Nearby Cities

Gladstone
+6.1%
Lake Oswego
+5.9%
Northwest Clackamas
+3.6%
Oregon City
+3.4%
West Linn
+1.4%

Housing Supply in West Linn, OR

How many homes are available in West Linn, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165156-5.5%

Summary: The West Linn real estate market had 156 homes for sale in October 2024, a 5.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 53
-40.0%
2 1819
+5.6%
3 5646
-17.9%
4 5954
-8.5%
5+ 2734
+25.9%

Summary: The West Linn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 25.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3529-17.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Linn, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in West Linn in October 2024, down by 17.1% month-over-month. Of the 29 sold homes, 34% were sold under asking, 17% were sold at asking, and 48% were sold over asking.

Days on Market for West Linn, OR

How long does it take to sell a home in West Linn, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days44 Days+83.2%

Summary: Homes in West Linn had an average of 44 days on market in Oct 2024, up by 83.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Linn are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in West Linn; 59% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 16 Days Ago

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