Is 97051, 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, 97051 was a Seller's Market.
Housing Prices in 97051, OR
How much do homes in 97051, OR cost?
Median Sold Price
$416,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97051 was $416,000 in March 2024, up 4% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $217.7K | +61.3% |
2 Bedrooms | $325K | $309K | -4.9% |
3 Bedrooms | $399K | $410.5K | +2.9% |
4 Bedrooms | $462.5K | $475K | +2.7% |
5+ Bedrooms | $512.5K | $487.5K | -4.9% |
Summary: 97051 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 97051, OR
How many homes are available in 97051, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 95 | +13.1% |
Summary: The 97051 real estate market had 95 homes for sale in March 2024, a 13.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 35 | 39 | +11.4% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 97051 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 6.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 97051 in March 2024, up by 66.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 7% were sold at asking, and 53% were sold over asking.
Days on Market for 97051, OR
How long does it take to sell a home in 97051, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
90 Days | 44 Days | -51.2% |
Summary: Homes in 97051 had an average of 44 days on market in Mar 2024, down by 51.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 97051; 73% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.