Is 97003, 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, 97003 has remained a Seller's Market.
Key Takeaway
97003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97003, OR
How much do homes in 97003, OR cost?
Median Sold Price
$495,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97003 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 97003 was $495,000 in April 2024, up 1% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288.6K | $258K | -10.6% |
| 2 Bedrooms | $374.9K | $399.9K | +6.6% |
| 3 Bedrooms | $484.9K | $485K | 0.0% |
| 4 Bedrooms | $584.5K | $549.7K | -5.9% |
| 5+ Bedrooms | $715K | $635.9K | -11.1% |
Summary: 97003 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 11.1%.
Housing Supply in 97003, OR
How many homes are available in 97003, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 70 | 0.0% |
Summary: The 97003 real estate market had 70 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 37 | 36 | -2.7% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 97003 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 19 | -26.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97003, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 97003 in April 2024, down by 26.9% month-over-month. Of the 19 sold homes, 16% were sold under asking, 32% were sold at asking, and 53% were sold over asking.
Days on Market for 97003, OR
How long does it take to sell a home in 97003, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 24 Days | -23.7% |
Summary: Homes in 97003 had an average of 24 days on market in Apr 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97003 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in 97003; 79% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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