Is 97006, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 97006 has remained a Seller's Market.
Key Takeaway
97006 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97006, OR
How much do homes in 97006, OR cost?
Median Sold Price
$505,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97006 have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in 97006 was $505,000 in March 2024, down 2.5% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256K | $285.5K | +11.5% |
| 2 Bedrooms | $354.8K | $350K | -1.4% |
| 3 Bedrooms | $533K | $510K | -4.3% |
| 4 Bedrooms | $665.5K | $697K | +4.7% |
| 5+ Bedrooms | $825K | $857.4K | +3.9% |
Summary: 97006 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 97006, OR
How many homes are available in 97006, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 147 | 158 | +7.5% |
Summary: The 97006 real estate market had 158 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 44 | 44 | 0.0% |
| 3 Bedrooms | 52 | 57 | +9.6% |
| 4 Bedrooms | 34 | 40 | +17.6% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 97006 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 32 | +52.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97006, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in 97006 in March 2024, up by 52.4% month-over-month. Of the 32 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for 97006, OR
How long does it take to sell a home in 97006, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 21 Days | 22 Days | +6.9% |
Summary: Homes in 97006 had an average of 22 days on market in Mar 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97006 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in 97006; 78% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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