Beaverton Real Estate Market and Forecast for 2022
The Beaverton Real Estate Market is Cooling Off
You can see the fall cooling effect on the Beaverton, Oregon real estate market above in slowly increasing inventory numbers, increasing average days on market, and increasing price drops. The Portland metro real estate market is seasonal and this cooling is expected each fall. The seasonal aspect of the real estate market here is so strong we write an annual report, a month-by-month break down of the best times to buy or sell. Cooling off here is a relative term as the market still favors sellers overall at the moment, but it will continue to soften as we approach the holidays.
The Beaverton Real Estate Market September 2021
The Beaverton real estate statistics here are a credit to Fidelity National Title. RMLS numbers are similar, they have the days on market in Beaverton at 15. RMLS has Beaverton real estate’s last 12-month price appreciation at 13%. The entire Portland metro real estate market was scorching hot this spring and summer but is starting to cool off some already in the early fall.
Beaverton Real Estate Market Forecast 2022
The suburbs on a whole have been outperforming the Portland-proper real estate market since early 2020 when the COVID impact began. Home buyers are not fleeing the city of Portland, Portland is still experiencing marginal population growth. The suburbs are simply experiencing a higher rate of population growth and home buyer demand. In fact, the further you travel from Portland city center, the hotter the suburb. Mt. Hood area has some of the strongest real estate growth within an hour of Portland, followed by Oregon City, Milwaukie, Yamhill County, and Canby. Being right next to Portland, Beaverton did well but only fared slightly better. We are forecasting a 9% home appreciate rate for Portland in 2022 and so would forecast the Beaverton real estate market at a positive 11% rate of increase by 2022.
Portland Suburbs Average Prices
|Portland Suburbs Average Sales Prices in 2021|
|1. Gresham = 478,900|
|2. Beaverton = 513,400|
|3. Hillsboro = 514,100|
|4. Milwaukie = 564,500|
|5. Oregon City = 587,600|
|6. Tigard = 625,200|
|7. Lake Oswego = 1,020,000|
Beaverton Homes for Sale
There are 93 detached homes for sale in Beaverton, Oregon right now.
Beaverton has Room for Real Estate Growth
Many homes in Beaverton have larger lots that can be split. Also to Beaverton’s far SW in Sexton and Cooper Mountain areas, there are still large swaths of undeveloped land that could provide more housing in the future.
Beaverton is a Solid Choice for Investment Property
Staying outside of Multnomah County will ensure lower property tax rates, while still maintaining close proximity to job centers in Portland proper. Beaverton also famously hosts the international headquarters for Nike and has significant commercial development in its own downtown area. Downtown Beaverton has been attracting high-quality restaurants and shops of late and has seen a lot of recent development value.
Top Beaverton Real Estate Agents
Our team of top 1% seller and buyer agents have extensive sales experience in every part of Beaverton, Oregon. We’d love to talk with you about your real estate plans today.September 6, 2021