Tigard Real Estate Market Update and 2022 Forecast
Anyone who follows greater Portland real estate market trends knows that they tend to align with the seasons: things warm up in the spring and summer, cool down in the fall and winter. And that’s generally true for the Tigard real estate market right now.
It’s always a good idea, though, to consider nuances to gain clear insight into what’s going on in a particular area and to consider where it all might lead in the coming months.
Is the Tigard Real Estate Market Cooling Off?
We consulted Fidelity.com and found that inventory has been increasing in Tigard since mid-spring which is typical for the area.
Tigard Real Estate Inventory
But while inventory has been increasing, time on market has stayed relatively flat, signifying the Tigard real estate market is staying hot through the fall season. Even normal seasonal inventory climbs are not slowing it down (but neither is it speeding up).
Tigard Days on Market to Sell a Home
Tigard Price per Sq. Ft.
Because homes are selling fairly fast in Tigard despite the inventory increase, this has caused prices to continue to rise in the suburb.
All Portland suburbs have been hotter than the Portland city proper real estate market all year and that looks like it is certain to continue into 2022.
Tigard Real Estate Market November 2021
RMLS.com tells a similar story about Tigard real estate with total market time at 18 days and a not insignificant 15% price increase in the past year, slightly above that of the entire Portland metro area, which came in at a 12.2% increase.
Tigard Real Estate Market Forecast 2022
While Portland proper has continued grow (very) slightly in terms of population in 2021, the city’s surrounding suburbs have attracted more new people to the area. Lake Oswego continues to be near the top of Portland’s most desirable suburbs, and Mt. Hood has seen the greatest increase in home prices. With it’s close proximity to Portland, we are forecasting a 12% rate of increase in Tigard’s real estate market, slightly above the our greater Portland real estate market prediction of a 9% increase in 2022.
Portland Suburbs Average Prices in October 2021
Gresham = $482,000
Beaverton = $500,000
Hillsboro = $507,000
Milwaukie = $556,000
Oregon City = 564,000
Tigard = $633,000
Lake Oswego = $853,000
Tigard Homes for Sale
There are 89 detached homes for sale in Tigard, Oregon right now. Search for Tigard homes using our unique patent-pending map.
Room for Real Estate Growth in Tigard
Many homes in Tigard sit on larger lots, which can be split to accommodate ADUs. There are also large sections of undeveloped land that could serve as space for more future new construction in NW Tigard, specifically in the Sexton and Cooper Mountain areas.
Tigard is a Solid Choice for Investment Property
Washington County’s lower property taxes make it a solid venue for real estate investors. Whether buying to flip or rent, an investor would benefit from the fact that Tigard residents enjoy easy access to Intel and Nike, to name a few of the area’s major employers. With Downtown Portland and Downtown Beaverton and their top-notch shops and restaurants so close by, Tigard is a prime place to live for homeowners and renters alike.
Top Tigard Real Estate Agents
Our team of top 1% buyers agents and 1% sellers agents have extensive sales experience in every part of Tigard, Oregon. We’d love to talk with you about your real estate plans today and help you find a home that best suits your needs.November 15, 2021