Is Beaverton-Hillsboro, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$571,689
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Beaverton-Hillsboro have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Beaverton-Hillsboro was $571,689 in April 2024, up 0.6% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $252.5K | +1.0% |
| 2 Bedrooms | $384.8K | $385K | 0.0% |
| 3 Bedrooms | $535.3K | $534.9K | -0.1% |
| 4 Bedrooms | $690K | $690.1K | 0.0% |
| 5+ Bedrooms | $846.2K | $819.4K | -3.2% |
Summary: Beaverton-Hillsboro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Rockcreek | $612.6K | $643K | +5.0% |
| Hillsboro | $515K | $536.5K | +4.2% |
| Beaverton-Hillsboro | $568.3K | $571.6K | +0.6% |
| Beaverton | $538.2K | $533.3K | -0.9% |
| Chehalem Mountains | $819.4K | $795.2K | -3.0% |
Housing Supply in Beaverton-Hillsboro, OR
How many homes are available in Beaverton-Hillsboro, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,321 | 1,522 | +15.2% |
Summary: The Beaverton-Hillsboro real estate market had 1,522 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 24 | +4.3% |
| 2 Bedrooms | 205 | 223 | +8.8% |
| 3 Bedrooms | 514 | 595 | +15.8% |
| 4 Bedrooms | 440 | 516 | +17.3% |
| 5+ Bedrooms | 139 | 164 | +18.0% |
Summary: The Beaverton-Hillsboro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 18%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 331 | 358 | +8.2% |
Asking Price vs. Sold Price
112 Homes Were Sold
Under Asking
88 Homes Were Sold
At Asking
158 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beaverton-Hillsboro, you could pay more than the asking price. 44.1% of homes here sold above asking price last month.
Summary: A total of 358 homes were sold or pending in Beaverton-Hillsboro in April 2024, up by 8.2% month-over-month. Of the 358 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 30 Days | -17.1% |
Summary: Homes in Beaverton-Hillsboro had an average of 30 days on market in Apr 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
253 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beaverton-Hillsboro are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 358 homes were sold in Beaverton-Hillsboro; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.