Is 97123, 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, 97123 has remained a Seller's Market.
Key Takeaway
97123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97123, OR
How much do homes in 97123, OR cost?
Median Sold Price
$529,986
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97123 have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in 97123 was $529,986 in April 2024, up 0.9% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $382.5K | -4.4% |
| 2 Bedrooms | $386K | $399.9K | +3.6% |
| 3 Bedrooms | $500.3K | $515K | +2.9% |
| 4 Bedrooms | $609.5K | $619.5K | +1.6% |
| 5+ Bedrooms | $760K | $703.4K | -7.4% |
Summary: 97123 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in 97123, OR
How many homes are available in 97123, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 148 | 169 | +14.2% |
Summary: The 97123 real estate market had 169 homes for sale in April 2024, a 14.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 15 | +87.5% |
| 3 Bedrooms | 85 | 96 | +12.9% |
| 4 Bedrooms | 46 | 46 | 0.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 97123 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 87.5%, 3 bedroom homes increased by 12.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 35 | 48 | +37.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97123, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in 97123 in April 2024, up by 37.1% month-over-month. Of the 48 sold homes, 29% were sold under asking, 29% were sold at asking, and 42% were sold over asking.
Days on Market for 97123, OR
How long does it take to sell a home in 97123, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 33 Days | -4.6% |
Summary: Homes in 97123 had an average of 33 days on market in Apr 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97123 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 48 homes were sold in 97123; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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