Is 97034, 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, 97034 has remained a Seller's Market.
Key Takeaway
97034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97034, OR
How much do homes in 97034, OR cost?
Median Sold Price
$1,200,000
$426/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97034 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 97034 was $1,200,000 in April 2024, up 2.1% from last year, and the median price per square foot was $426.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $315K | 0.0% |
| 2 Bedrooms | $681.1K | $525K | -22.9% |
| 3 Bedrooms | $875K | $875K | 0.0% |
| 4 Bedrooms | $1.4M | $1.4M | -3.4% |
| 5+ Bedrooms | $1.4M | $2.1M | +42.9% |
Summary: 97034 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 42.9%.
Housing Supply in 97034, OR
How many homes are available in 97034, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 141 | 142 | +0.7% |
Summary: The 97034 real estate market had 142 homes for sale in April 2024, a 0.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 33 | 29 | -12.1% |
| 4 Bedrooms | 64 | 70 | +9.4% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The 97034 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97034, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 97034 in April 2024, down by 3.4% month-over-month. Of the 28 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for 97034, OR
How long does it take to sell a home in 97034, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 53 Days | +18.9% |
Summary: Homes in 97034 had an average of 53 days on market in Apr 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97034 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in 97034; 54% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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