Is 97035, 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, 97035 has remained a Seller's Market.
Key Takeaway
97035 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97035, OR
How much do homes in 97035, OR cost?
Median Sold Price
$739,500
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97035 have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in 97035 was $739,500 in April 2024, up 0.7% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $225K | -2.2% |
| 2 Bedrooms | $367.5K | $367.5K | 0.0% |
| 3 Bedrooms | $707.2K | $675K | -4.6% |
| 4 Bedrooms | $975K | $1.0M | +9.2% |
| 5+ Bedrooms | $1.2M | $1.2M | +5.1% |
Summary: 97035 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in 97035, OR
How many homes are available in 97035, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 123 | 155 | +26.0% |
Summary: The 97035 real estate market had 155 homes for sale in April 2024, a 26.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 33 | +135.7% |
| 3 Bedrooms | 47 | 56 | +19.1% |
| 4 Bedrooms | 43 | 46 | +7.0% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 97035 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 135.7%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 44 | +63.0% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97035, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 97035 in April 2024, up by 63.0% month-over-month. Of the 44 sold homes, 57% were sold under asking, 20% were sold at asking, and 23% were sold over asking.
Days on Market for 97035, OR
How long does it take to sell a home in 97035, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | +2.2% |
Summary: Homes in 97035 had an average of 35 days on market in Apr 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97035 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in 97035; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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