Is Tualatin, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tualatin has remained a Seller's Market.
Key Takeaway
Tualatin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tualatin, OR
How much do homes in Tualatin, OR cost?
Median Sold Price
$635,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tualatin have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Tualatin was $635,000 in May 2024, up 0.5% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $321.2K | $325K | +1.2% |
| 3 Bedrooms | $583.5K | $575.9K | -1.3% |
| 4 Bedrooms | $725K | $720K | -0.7% |
| 5+ Bedrooms | $810K | $925K | +14.2% |
Summary: Tualatin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in Tualatin, OR
How many homes are available in Tualatin, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 114 | 128 | +12.3% |
Summary: The Tualatin real estate market had 128 homes for sale in May 2024, a 12.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 38 | 46 | +21.1% |
| 4 Bedrooms | 44 | 44 | 0.0% |
| 5+ Bedrooms | 15 | 24 | +60.0% |
Summary: The Tualatin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tualatin, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Tualatin in May 2024, the same as the previous month. Of the 24 sold homes, 46% were sold under asking, 4% were sold at asking, and 50% were sold over asking.
Days on Market for Tualatin, OR
How long does it take to sell a home in Tualatin, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 6 Days | 23 Days | +272.7% |
Summary: Homes in Tualatin had an average of 23 days on market in May 2024, up by 272.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tualatin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Tualatin; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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.