Is 97062, 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, 97062 was a Seller's Market.
Key Takeaway
97062 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97062, OR
How much do homes in 97062, OR cost?
Median Sold Price
$634,900
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97062 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 97062 was $634,900 in March 2024, down 1.3% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | - | N/A |
| 2 Bedrooms | $335.6K | $322.5K | -3.9% |
| 3 Bedrooms | $585K | $575.4K | -1.6% |
| 4 Bedrooms | $750K | $727.5K | -3.0% |
| 5+ Bedrooms | $850K | $923K | +8.6% |
Summary: 97062 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 decreased by 3.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in 97062, OR
How many homes are available in 97062, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 127 | 148 | +16.5% |
Summary: The 97062 real estate market had 148 homes for sale in March 2024, a 16.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 54 | 54 | 0.0% |
| 4 Bedrooms | 39 | 56 | +43.6% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The 97062 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 increased by 13.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 43.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 24 | +140.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97062, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in 97062 in March 2024, up by 140.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for 97062, OR
How long does it take to sell a home in 97062, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 46 Days | +33.8% |
Summary: Homes in 97062 had an average of 46 days on market in Mar 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97062 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in 97062; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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