Is Banks, OR 97106 a buyer’s or seller’s market?
Banks is a balanced market. With about 4.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Banks housing market right now
In the three months ending August 31, 2026, 0% of homes in Banks, OR 97106 sold above their list price, the typical home went under contract in 21 days and there were 4.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold about as fast and the median sale price fell 26% to $524,773. Overall, Banks is less competitive than a year ago, which gives buyers more room.
Within Washington County, homes here sell faster than in 65% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Beaverton 97078 (34% sold over asking) and Beaverton 97008 (33% sold over asking) are even more competitive.
Run the numbers for 97106
Nearby markets
Beaverton 97003Seller’s market $313 /sq ftBeaverton 97005Seller’s market $299 /sq ftBeaverton 97006Seller’s market $300 /sq ftBeaverton 97007Seller’s market $288 /sq ft Browse all markets →Towns like Banks nearby
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Questions about Banks real estate
Is Banks a buyer’s or seller’s market?
A balanced market: there were 4.6 months of supply in Banks, OR 97106 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Banks?
The typical home went under contract in 21 days in the latest three months.
Do homes in Banks sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.8% of the list price.
What are property taxes in Banks?
About 0.84% of a home’s value a year in Washington County, or roughly $3,360 on a $400,000 home.
What is the median home price in Banks?
The median sale price was $524,773 in the three months ending August 31, 2026, about $321 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology