Is 97086, 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, 97086 was a Seller's Market.
Key Takeaway
97086 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97086, OR
How much do homes in 97086, OR cost?
Median Sold Price
$655,333
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97086 have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in 97086 was $655,333 in March 2024, down 6.4% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.4K | $375K | +92.9% |
| 2 Bedrooms | $370K | $351.9K | -4.9% |
| 3 Bedrooms | $588.9K | $555.9K | -5.6% |
| 4 Bedrooms | $745K | $719.9K | -3.4% |
| 5+ Bedrooms | $900K | $865K | -3.9% |
Summary: 97086 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.9%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in 97086, OR
How many homes are available in 97086, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 276 | 273 | -1.1% |
Summary: The 97086 real estate market had 273 homes for sale in March 2024, a 1.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 24 | 17 | -29.2% |
| 3 Bedrooms | 91 | 94 | +3.3% |
| 4 Bedrooms | 118 | 116 | -1.7% |
| 5+ Bedrooms | 42 | 44 | +4.8% |
Summary: The 97086 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 29.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97086, expect to pay close to the asking price. 52% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in 97086 in March 2024, down by 19.4% month-over-month. Of the 25 sold homes, 20% were sold under asking, 52% were sold at asking, and 28% were sold over asking.
Days on Market for 97086, OR
How long does it take to sell a home in 97086, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 29 Days | 89 Days | +204.4% |
Summary: Homes in 97086 had an average of 89 days on market in Mar 2024, up by 204.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97086 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in 97086; 44% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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