Is 97056, 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, 97056 has remained a Seller's Market.
Key Takeaway
97056 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97056, OR
How much do homes in 97056, OR cost?
Median Sold Price
$485,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97056 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 97056 was $485,000 in April 2024, up 1.5% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $170K | +17.2% |
| 2 Bedrooms | $355K | $377.5K | +6.3% |
| 3 Bedrooms | $470K | $469.9K | 0% |
| 4 Bedrooms | $525K | $535K | +1.9% |
| 5+ Bedrooms | $599.9K | $615K | +2.5% |
Summary: 97056 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in 97056, OR
How many homes are available in 97056, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The 97056 real estate market had 40 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 97056 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97056, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 97056 in April 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for 97056, OR
How long does it take to sell a home in 97056, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 87 Days | +285.4% |
Summary: Homes in 97056 had an average of 87 days on market in Apr 2024, up by 285.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97056 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 97056; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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