Is 97015, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 97015 was a Seller's Market.
Key Takeaway
97015 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97015, OR
How much do homes in 97015, OR cost?
Median Sold Price
$599,950
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97015 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 97015 was $599,950 in March 2024, up 3.4% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219K | $200K | -8.7% |
| 2 Bedrooms | $279K | $405K | +45.2% |
| 3 Bedrooms | $549.4K | $566.5K | +3.1% |
| 4 Bedrooms | $638K | $645.8K | +1.2% |
| 5+ Bedrooms | $714.9K | $695.5K | -2.7% |
Summary: 97015 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 45.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in 97015, OR
How many homes are available in 97015, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 79 | -3.7% |
Summary: The 97015 real estate market had 79 homes for sale in March 2024, a 3.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 35 | 34 | -2.9% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 97015 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97015, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 97015 in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for 97015, OR
How long does it take to sell a home in 97015, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 120 Days | 63 Days | -47.3% |
Summary: Homes in 97015 had an average of 63 days on market in Mar 2024, down by 47.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97015 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 97015; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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