Is 97008, 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, 97008 has remained a Seller's Market.
Key Takeaway
97008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97008, OR
How much do homes in 97008, OR cost?
Median Sold Price
$568,750
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97008 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 97008 was $568,750 in April 2024, down 1.5% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232K | $250K | +7.8% |
| 2 Bedrooms | $329K | $315.5K | -4.1% |
| 3 Bedrooms | $562.5K | $554K | -1.5% |
| 4 Bedrooms | $670K | $649.9K | -3.0% |
| 5+ Bedrooms | $685K | $673.5K | -1.7% |
Summary: 97008 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in 97008, OR
How many homes are available in 97008, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 71 | +2.9% |
Summary: The 97008 real estate market had 71 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 28 | 29 | +3.6% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 97008 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97008, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 97008 in April 2024, up by 41.2% month-over-month. Of the 24 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% were sold over asking.
Days on Market for 97008, OR
How long does it take to sell a home in 97008, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 29 Days | +3.5% |
Summary: Homes in 97008 had an average of 29 days on market in Apr 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97008 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 24 homes were sold in 97008; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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