Is 97128, 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, 97128 has remained a Seller's Market.
Key Takeaway
97128 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97128, OR
How much do homes in 97128, OR cost?
Median Sold Price
$474,950
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97128 have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in 97128 was $474,950 in April 2024, up 3.1% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $444K | -3.5% |
| 2 Bedrooms | $382.1K | $370K | -3.2% |
| 3 Bedrooms | $445.4K | $451.5K | +1.4% |
| 4 Bedrooms | $575K | $550.4K | -4.3% |
| 5+ Bedrooms | $620K | $546.7K | -11.8% |
Summary: 97128 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 11.8%.
Housing Supply in 97128, OR
How many homes are available in 97128, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 127 | 132 | +3.9% |
Summary: The 97128 real estate market had 132 homes for sale in April 2024, a 3.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 71 | 68 | -4.2% |
| 4 Bedrooms | 39 | 41 | +5.1% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 97128 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +12.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97128, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 36 homes were sold or pending in 97128 in April 2024, up by 12.5% month-over-month. Of the 36 sold homes, 31% were sold under asking, 42% were sold at asking, and 28% were sold over asking.
Days on Market for 97128, OR
How long does it take to sell a home in 97128, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 32 Days | -3.0% |
Summary: Homes in 97128 had an average of 32 days on market in Apr 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97128 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 36 homes were sold in 97128; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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