Is 97070, 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, 97070 was a Seller's Market.
Housing Prices in 97070, OR
How much do homes in 97070, OR cost?
Median Sold Price
$626,333
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97070 was $626,333 in March 2024, down 1.9% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $300K | +30.4% |
2 Bedrooms | $440.7K | $422.5K | -4.1% |
3 Bedrooms | $599K | $584.9K | -2.3% |
4 Bedrooms | $719K | $705K | -1.9% |
5+ Bedrooms | $992.5K | $859.3K | -13.4% |
Summary: 97070 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 13.4%.
Housing Supply in 97070, OR
How many homes are available in 97070, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
162 | 172 | +6.2% |
Summary: The 97070 real estate market had 172 homes for sale in March 2024, a 6.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 25 | 30 | +20.0% |
3 Bedrooms | 50 | 53 | +6.0% |
4 Bedrooms | 62 | 62 | 0.0% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The 97070 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 21 | +16.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in 97070 in March 2024, up by 16.7% month-over-month. Of the 21 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.
Days on Market for 97070, OR
How long does it take to sell a home in 97070, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 69 Days | +118.0% |
Summary: Homes in 97070 had an average of 69 days on market in Mar 2024, up by 118% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in 97070; 48% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.