Is 97089, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 97089 was a Seller's Market.
Key Takeaway
97089 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 97089, OR
How much do homes in 97089, OR cost?
Median Sold Price
$670,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97089 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 97089 was $670,000 in April 2024, up 1.5% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $466K | $545K | +17.0% |
| 3 Bedrooms | $599K | $586.5K | -2.1% |
| 4 Bedrooms | $692.5K | $749.5K | +8.2% |
| 5+ Bedrooms | $717.5K | $668.7K | -6.8% |
Summary: 97089 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 17%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in 97089, OR
How many homes are available in 97089, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 46 | +39.4% |
Summary: The 97089 real estate market had 46 homes for sale in April 2024, a 39.4% increase 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 11 | 17 | +54.5% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The 97089 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 increased by 200%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97089, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 97089 in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for 97089, OR
How long does it take to sell a home in 97089, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 57 Days | +53.9% |
Summary: Homes in 97089 had an average of 57 days on market in Apr 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97089 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 97089; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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