Is 97016, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 97016 was a Buyer's Market.
Housing Prices in 97016, OR
How much do homes in 97016, OR cost?
Median Sold Price
$392,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 97016 was $392,000 in April 2024, down 2% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $374.5K | +274.5% |
2 Bedrooms | $342K | $334.5K | -2.2% |
3 Bedrooms | $389K | $410K | +5.4% |
4 Bedrooms | $438.4K | $530K | +20.9% |
5+ Bedrooms | $528.8K | $493.8K | -6.6% |
Summary: 97016 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 274.5%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in 97016, OR
How many homes are available in 97016, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 32 | +18.5% |
Summary: The 97016 real estate market had 32 homes for sale in April 2024, a 18.5% 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 | 9 | 7 | -22.2% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 97016 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 decreased by 22.2%, 3 bedroom homes increased by 53.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 97016 in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for 97016, OR
How long does it take to sell a home in 97016, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 26 Days | -20.8% |
Summary: Homes in 97016 had an average of 26 days on market in Apr 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 97016; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.