Your Local Market Report
Beaverton, OR
Single-Family Homes
WFG National Title Company | oregon.wfgnationaltitle.com
Beaverton, OR
Thu Mar 23 2023
This week the median list price for Beaverton, OR is $709,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has decreased to 131.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $709,000 | |
| Median Price of New Listings | $540,250 | |
| Per Square Foot | $321 | |
| Average Days on Market | 113 | |
| Median Days on Market | 70 | |
| Price Decreased | 49% | |
| Price Increased | 5% | |
| Relisted | 17% | |
| Inventory | 131 | |
| Median Rent | ||
| Market Action | 45 | |
| Strong Seller's Market | ||
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $869,450 | 3,139 | 8,000 - 10,000 sqft | 4 | 3 | 1 | 3 | 0 | 136 |
| $749,950 | 2,171 | 6,500 - 8,000 sqft | 3 | 2.5 | 0 | 3 | 1 | 175 |
| $625,000 | 2,105 | 4,500 - 6,500 sqft | 4 | 2.5 | 7 | 5 | 4 | 70 |
| $499,000 | 1,490 | 4,500 - 6,500 sqft | 3 | 2.5 | 35 | 15 | 13 | 7 |