Is 97058, 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, 97058 has remained a Seller's Market.
Key Takeaway
97058 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97058, OR
How much do homes in 97058, OR cost?
Median Sold Price
$398,075
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97058 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 97058 was $398,075 in April 2024, up 2.9% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162K | $174K | +7.4% |
| 2 Bedrooms | $318.5K | $299K | -6.1% |
| 3 Bedrooms | $396K | $402K | +1.5% |
| 4 Bedrooms | $453K | $434K | -4.2% |
| 5+ Bedrooms | $582.5K | $480.5K | -17.5% |
Summary: 97058 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 17.5%.
Housing Supply in 97058, OR
How many homes are available in 97058, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 71 | +20.3% |
Summary: The 97058 real estate market had 71 homes for sale in April 2024, a 20.3% 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 | 7 | 13 | +85.7% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 97058 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 increased by 85.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97058, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 97058 in April 2024, up by 75.0% month-over-month. Of the 14 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 97058, OR
How long does it take to sell a home in 97058, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 36 Days | -33.9% |
Summary: Homes in 97058 had an average of 36 days on market in Apr 2024, down by 33.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97058 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in 97058; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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