Is 97053, 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, 97053 was a Seller's Market.
Key Takeaway
97053 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97053, OR
How much do homes in 97053, OR cost?
Median Sold Price
$719,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97053 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 97053 was $719,000 in March 2024, up 10.6% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | - | N/A |
| 2 Bedrooms | $340K | $696K | +104.7% |
| 3 Bedrooms | $661K | $709K | +7.3% |
| 4 Bedrooms | $649.9K | $775K | +19.2% |
| 5+ Bedrooms | $797.5K | $703.8K | -11.7% |
Summary: 97053 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 increased by 104.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 11.7%.
Housing Supply in 97053, OR
How many homes are available in 97053, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The 97053 real estate market had 16 homes for sale in March 2024, a 14.3% 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 | 0 | -100.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97053 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 decreased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97053, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 97053 in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 97053, OR
How long does it take to sell a home in 97053, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 106 Days | 119 Days | +12.3% |
Summary: Homes in 97053 had an average of 119 days on market in Mar 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97053 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 97053; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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