Is 97045, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 97045 was a Seller's Market.
Housing Prices in 97045, OR
How much do homes in 97045, OR cost?
Median Sold Price
$588,300
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 97045 was $588,300 in February 2024, down 1.9% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259.9K | $335K | +28.9% |
2 Bedrooms | $425K | $428K | +0.7% |
3 Bedrooms | $555K | $543.4K | -2.1% |
4 Bedrooms | $653.9K | $670K | +2.5% |
5+ Bedrooms | $769K | $724K | -5.9% |
Summary: 97045 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in 97045, OR
How many homes are available in 97045, OR?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
221 | 216 | -2.3% |
Summary: The 97045 real estate market had 216 homes for sale in February 2024, a 2.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 102 | 97 | -4.9% |
4 Bedrooms | 83 | 83 | 0.0% |
5+ Bedrooms | 20 | 21 | +5.0% |
Summary: The 97045 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 36 | +12.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in 97045 in February 2024, up by 12.5% month-over-month. Of the 36 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for 97045, OR
How long does it take to sell a home in 97045, OR?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
54 Days | 57 Days | +4.8% |
Summary: Homes in 97045 had an average of 57 days on market in Feb 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 36 homes were sold in 97045; 36% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.