Is 97138, 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, 97138 was a Buyer's Market.
Key Takeaway
97138 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 97138, OR
How much do homes in 97138, OR cost?
Median Sold Price
$570,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97138 have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in 97138 was $570,000 in April 2024, down 1.8% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $372.9K | +35.6% |
| 2 Bedrooms | $432.5K | $496.5K | +14.8% |
| 3 Bedrooms | $600K | $565K | -5.8% |
| 4 Bedrooms | $775K | $720K | -7.1% |
| 5+ Bedrooms | $935K | $659.9K | -29.4% |
Summary: 97138 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.6%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 29.4%.
Median Sold Price Compared To Nearby Zip Codes
| 97138 | $580.2K | $570K | -1.8% |
| 97103 | $515K | $470K | -8.7% |
Housing Supply in 97138, OR
How many homes are available in 97138, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 78 | -7.1% |
Summary: The 97138 real estate market had 78 homes for sale in April 2024, a 7.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 39 | 36 | -7.7% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 97138 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 12 | -36.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97138, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 97138 in April 2024, down by 36.8% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for 97138, OR
How long does it take to sell a home in 97138, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 14 Days | 93 Days | +554.5% |
Summary: Homes in 97138 had an average of 93 days on market in Apr 2024, up by 554.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97138 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 12 homes were sold in 97138; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.