Is 97068, 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, 97068 has remained a Seller's Market.
Key Takeaway
97068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97068, OR
How much do homes in 97068, OR cost?
Median Sold Price
$790,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 97068 has remained the same since last year.
Summary: The median home sold price in 97068 was $790,000 in April 2024, up 0.5% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277.4K | $259K | -6.6% |
| 2 Bedrooms | $384K | $377.5K | -1.7% |
| 3 Bedrooms | $685K | $620.1K | -9.5% |
| 4 Bedrooms | $879K | $875K | -0.5% |
| 5+ Bedrooms | $1.0M | $1.0M | 0.2% |
Summary: 97068 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in 97068, OR
How many homes are available in 97068, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 121 | 154 | +27.3% |
Summary: The 97068 real estate market had 154 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 45 | 60 | +33.3% |
| 5+ Bedrooms | 24 | 35 | +45.8% |
Summary: The 97068 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 45.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 39 | +62.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97068, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in 97068 in April 2024, up by 62.5% month-over-month. Of the 39 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for 97068, OR
How long does it take to sell a home in 97068, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 33 Days | +119.8% |
Summary: Homes in 97068 had an average of 33 days on market in Apr 2024, up by 119.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97068 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 39 homes were sold in 97068; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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