Is 97060, 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, 97060 has remained a Seller's Market.
Key Takeaway
97060 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97060, OR
How much do homes in 97060, OR cost?
Median Sold Price
$464,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97060 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 97060 was $464,500 in April 2024, down 1.2% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $312.5K | $292K | -6.6% |
| 3 Bedrooms | $450.5K | $450K | -0.1% |
| 4 Bedrooms | $524.8K | $515K | -1.9% |
| 5+ Bedrooms | $557K | $515K | -7.5% |
Summary: 97060 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in 97060, OR
How many homes are available in 97060, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 50 | +25.0% |
Summary: The 97060 real estate market had 50 homes for sale in April 2024, a 25.0% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 23 | 31 | +34.8% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97060 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 increased by 50%, 3 bedroom homes increased by 34.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97060, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 97060 in April 2024, up by 30.0% month-over-month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.
Days on Market for 97060, OR
How long does it take to sell a home in 97060, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 34 Days | +12.0% |
Summary: Homes in 97060 had an average of 34 days on market in Apr 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97060 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in 97060; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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