Is 97005, 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, 97005 has remained a Seller's Market.
Key Takeaway
97005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97005, OR
How much do homes in 97005, OR cost?
Median Sold Price
$496,725
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97005 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 97005 was $496,725 in April 2024, down 1.1% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $241.4K | $282.1K | +16.8% |
| 2 Bedrooms | $363K | $360.5K | -0.7% |
| 3 Bedrooms | $540K | $528.7K | -2.1% |
| 4 Bedrooms | $635.4K | $620K | -2.4% |
| 5+ Bedrooms | $672K | $775.5K | +15.4% |
Summary: 97005 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.8%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 15.4%.
Housing Supply in 97005, OR
How many homes are available in 97005, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Summary: The 97005 real estate market had 53 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 97005 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97005, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 97005 in April 2024, down by 22.2% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for 97005, OR
How long does it take to sell a home in 97005, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 25 Days | -10.7% |
Summary: Homes in 97005 had an average of 25 days on market in Apr 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97005 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in 97005; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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