Is 97071, 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, 97071 has remained a Seller's Market.
Key Takeaway
97071 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97071, OR
How much do homes in 97071, OR cost?
Median Sold Price
$400,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97071 have sold for 9% less than they did a year ago.
Summary: The median home sold price in 97071 was $400,000 in April 2024, down 9% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $188.7K | -23.0% |
| 2 Bedrooms | $306K | $315K | +2.9% |
| 3 Bedrooms | $447K | $431.3K | -3.5% |
| 4 Bedrooms | $478.4K | $490.9K | +2.6% |
| 5+ Bedrooms | $509.9K | $507.3K | -0.5% |
Summary: 97071 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Zip Codes
| 97032 | $470K | $477K | +1.5% |
| 97026 | $460K | $428.5K | -6.8% |
| 97071 | $439.4K | $400K | -9.0% |
Housing Supply in 97071, OR
How many homes are available in 97071, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 | 87 | +10.1% |
Summary: The 97071 real estate market had 87 homes for sale in April 2024, a 10.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 40 | 46 | +15.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97071 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 20 | +53.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97071, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 97071 in April 2024, up by 53.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 35% were sold at asking, and 25% were sold over asking.
Days on Market for 97071, OR
How long does it take to sell a home in 97071, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 55 Days | -14.5% |
Summary: Homes in 97071 had an average of 55 days on market in Apr 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97071 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in 97071; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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