Is 97023, 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, 97023 was a Seller's Market.
Housing Prices in 97023, OR
How much do homes in 97023, OR cost?
Median Sold Price
$524,900
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97023 was $524,900 in March 2024, up 5% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $375K | $405K | +8.0% |
3 Bedrooms | $474.5K | $501.5K | +5.7% |
4 Bedrooms | $579.9K | $545K | -6.0% |
5+ Bedrooms | $714.9K | $710K | -0.7% |
Summary: 97023 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Zip Codes
97023 | $500K | $524.9K | +5.0% |
97004 | $828.6K | $696.5K | -15.9% |
Housing Supply in 97023, OR
How many homes are available in 97023, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 106 | +1.0% |
Summary: The 97023 real estate market had 106 homes for sale in March 2024, a 1.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 46 | 47 | +2.2% |
4 Bedrooms | 47 | 46 | -2.1% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 97023 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 increased by 100%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 97023 in March 2024, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 58% were sold at asking, and 25% were sold over asking.
Days on Market for 97023, OR
How long does it take to sell a home in 97023, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 139 Days | +182.8% |
Summary: Homes in 97023 had an average of 139 days on market in Mar 2024, up by 182.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 97023; 25% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.