Is 97038, 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, 97038 was a Seller's Market.
Housing Prices in 97038, OR
How much do homes in 97038, OR cost?
Median Sold Price
$465,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97038 was $465,000 in March 2024, up 2.2% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $390K | $358K | -8.2% |
3 Bedrooms | $434.9K | $457.2K | +5.1% |
4 Bedrooms | $513.5K | $490K | -4.6% |
5+ Bedrooms | $578.5K | $940K | +62.5% |
Summary: 97038 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 decreased by 8.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 62.5%.
Median Sold Price Compared To Nearby Zip Codes
97042 | $720K | $740K | +2.8% |
97038 | $455K | $465K | +2.2% |
Housing Supply in 97038, OR
How many homes are available in 97038, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Summary: The 97038 real estate market had 52 homes for sale in March 2024, a 2.0% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 21 | 17 | -19.0% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 97038 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 decreased by 19%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 97038 in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for 97038, OR
How long does it take to sell a home in 97038, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 107 Days | +334.4% |
Summary: Homes in 97038 had an average of 107 days on market in Mar 2024, up by 334.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 97038; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.