Is Tigard, 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, Tigard has remained a Seller's Market.
Key Takeaway
Tigard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tigard, OR
How much do homes in Tigard, OR cost?
Median Sold Price
$590,206
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tigard have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Tigard was $590,206 in April 2024, down 3.6% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $240K | +17.1% |
| 2 Bedrooms | $410K | $417.5K | +1.8% |
| 3 Bedrooms | $570K | $569K | -0.2% |
| 4 Bedrooms | $689.2K | $685K | -0.6% |
| 5+ Bedrooms | $867.4K | $807K | -7.0% |
Summary: Tigard housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
| Lake Oswego | $870K | $888.6K | +2.1% |
| Tualatin | $631.8K | $635K | 0.5% |
| King City | $410.5K | $402.7K | -1.9% |
| Tigard | $612K | $590.2K | -3.6% |
Housing Supply in Tigard, OR
How many homes are available in Tigard, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 136 | 157 | +15.4% |
Summary: The Tigard real estate market had 157 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 28 | +21.7% |
| 3 Bedrooms | 56 | 60 | +7.1% |
| 4 Bedrooms | 38 | 45 | +18.4% |
| 5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Tigard housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tigard, you could pay more than the asking price. 37.8% of homes here sold above asking price last month.
Summary: A total of 37 homes were sold or pending in Tigard in April 2024, up by 12.1% month-over-month. Of the 37 sold homes, 27% were sold under asking, 35% were sold at asking, and 38% were sold over asking.
Days on Market for Tigard, OR
How long does it take to sell a home in Tigard, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 26 Days | 21 Days | -20.0% |
Summary: Homes in Tigard had an average of 21 days on market in Apr 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tigard are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Tigard; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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