Is 97078, 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, 97078 has remained a Seller's Market.
Key Takeaway
97078 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97078, OR
How much do homes in 97078, OR cost?
Median Sold Price
$528,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97078 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 97078 was $528,000 in April 2024, up 4.6% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $412.3K | $422.7K | +2.5% |
| 3 Bedrooms | $499.6K | $511.5K | +2.4% |
| 4 Bedrooms | $554K | $590K | +6.5% |
| 5+ Bedrooms | $653.9K | $742K | +13.5% |
Summary: 97078 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 increased by 2.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 13.5%.
Housing Supply in 97078, OR
How many homes are available in 97078, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 115 | 114 | -0.9% |
Summary: The 97078 real estate market had 114 homes for sale in April 2024, a 0.9% decrease 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 | 10 | 5 | -50.0% |
| 3 Bedrooms | 79 | 87 | +10.1% |
| 4 Bedrooms | 22 | 19 | -13.6% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 97078 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 decreased by 50%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97078, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 97078 in April 2024, down by 19.4% month-over-month. Of the 25 sold homes, 16% were sold under asking, 32% were sold at asking, and 52% were sold over asking.
Days on Market for 97078, OR
How long does it take to sell a home in 97078, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 34 Days | -27.5% |
Summary: Homes in 97078 had an average of 34 days on market in Apr 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97078 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in 97078; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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