Is 97080, 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, 97080 was a Seller's Market.
Key Takeaway
97080 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 97080, OR
How much do homes in 97080, OR cost?
Median Sold Price
$514,620
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 97080 has remained the same since last year.
Summary: The median home sold price in 97080 was $514,620 in March 2024, down 0.4% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.5K | $174K | +4.5% |
| 2 Bedrooms | $315K | $315K | 0.0% |
| 3 Bedrooms | $482.7K | $482.5K | 0% |
| 4 Bedrooms | $560K | $549.9K | -1.8% |
| 5+ Bedrooms | $620K | $564.8K | -8.9% |
Summary: 97080 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 8.9%.
Housing Supply in 97080, OR
How many homes are available in 97080, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 276 | 272 | -1.4% |
Summary: The 97080 real estate market had 272 homes for sale in March 2024, a 1.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 125 | 119 | -4.8% |
| 4 Bedrooms | 103 | 105 | +1.9% |
| 5+ Bedrooms | 38 | 38 | 0.0% |
Summary: The 97080 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 remained the same, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 45 | +21.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97080, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 45 homes were sold or pending in 97080 in March 2024, up by 21.6% month-over-month. Of the 45 sold homes, 29% were sold under asking, 40% were sold at asking, and 31% were sold over asking.
Days on Market for 97080, OR
How long does it take to sell a home in 97080, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 38 Days | -32.4% |
Summary: Homes in 97080 had an average of 38 days on market in Mar 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97080 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 45 homes were sold in 97080; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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