West Linn Real Estate Market, 2022 Update and Forecast
We’re looking at West Linn, a suburb just twenty miles south of Portland proper, known for its quiet neighborhoods, plenty of parks, and highly rated schools, not to mention Willamette Falls, the largest waterfall in all of the Pacific Northwest! Learn more about West Linn here.
West Linn, Oregon Average Real Estate Sales and Listings
From the January 2022 RMLS report, we learned the following.
- Average Sale Price: $1,054,400, +21.9% from January 2021 (Combined Report w/ Lake Oswego)
- Active Listings: 61 (as of January 31)
- New Listings: 83
- Pending Sales: 78, -35% from January 2021
- Closed Sales: 82
West Linn outdid all of Portland and its surrounding suburbs (except for Mt. Hood) in terms of real estate price increases. Here’s how the numbers compare.
Portland Suburb Home Price Increases, 2022
- Portland—12.48% (Average of all four quadrants)
- West Linn/Lake Oswego—21.9%
- Hillsboro/Forest Grove—14.6%
- Mt. Hood—33.5%
Fidelity National Title reports that homes in West Linn are taking longer to sell, but that’s to be expected with higher priced real estate and the general winter slump we see every year. The image below shows how homes sold faster during the spring through summer and early fall, as we would expect.
West Linn is also experiencing a drastic drop in inventory, as is the rest of the Portland metro area and the country as a whole.
At the writing of this article, Fidelity reports there are 19 homes for sale in West Linn. Here’s how this number compares with the Portland metro area.
- West Linn—19
- Hillsboro/Forest Grove—37
- Mt. Hood—1
While inventory is low, prices keep increasing, and sell times are slow, West Linn is mimicking Portland in its overall movement of real estate.
West Linn 2022 Real Estate Market Forecast
With spring just around the corner, we expect that things will pick up soon, and while prices are going to keep rising, they’ll likely do so at a slower pace. We predicted that the entire Portland real estate market will rise by 8% in 2022, but just as West Linn beat the city of Portland in 2021, we expect it to do so again in 2022. Our forecast for housing prices in West Linn in 2022 is a 15% increase.
See all homes for sale in West Linn, Oregon here.
Work with a Top West Linn Realtor!
Get a jump on your real estate plans and talk with a professional today. Our top 1% seller’s team and top 1% buyer’s team are happy to help you with all your home selling and buying needs. We have extensive experience in West Linn and would love to talk with you about the suburb. With our almost twenty years of experience in the Portland metro area, we’re certain we can help. Chat with the bot on our site, or give us a call today!February 21, 2022