Is 97055, 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, 97055 has remained a Seller's Market.
Key Takeaway
97055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97055, OR
How much do homes in 97055, OR cost?
Median Sold Price
$500,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97055 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 97055 was $500,000 in April 2024, down 2.3% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $280K | -27.3% |
| 2 Bedrooms | $400K | $375.2K | -6.2% |
| 3 Bedrooms | $460K | $462.6K | +0.6% |
| 4 Bedrooms | $581.9K | $565K | -2.9% |
| 5+ Bedrooms | $750K | $882.5K | +17.7% |
Summary: 97055 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Zip Codes
| 97009 | $635K | $775K | +22.0% |
| 97019 | $644.9K | $696.5K | +8.0% |
| 97022 | $725K | $775K | +6.9% |
| 97055 | $512K | $500K | -2.3% |
Housing Supply in 97055, OR
How many homes are available in 97055, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 65 | -3.0% |
Summary: The 97055 real estate market had 65 homes for sale in April 2024, a 3.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 38 | 34 | -10.5% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The 97055 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97055, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 97055 in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 19% were sold under asking, 44% were sold at asking, and 38% were sold over asking.
Days on Market for 97055, OR
How long does it take to sell a home in 97055, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 38 Days | -2.4% |
Summary: Homes in 97055 had an average of 38 days on market in Apr 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97055 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in 97055; 69% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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