Is 97140, 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, 97140 has remained a Seller's Market.
Key Takeaway
97140 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97140, OR
How much do homes in 97140, OR cost?
Median Sold Price
$661,600
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97140 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 97140 was $661,600 in April 2024, up 6.3% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.9K | $264.9K | -11.7% |
| 2 Bedrooms | $415K | $332.5K | -19.9% |
| 3 Bedrooms | $536.2K | $565K | +5.4% |
| 4 Bedrooms | $750K | $729K | -2.8% |
| 5+ Bedrooms | $905K | $900K | -0.6% |
Summary: 97140 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes decreased by 19.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in 97140, OR
How many homes are available in 97140, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 131 | 153 | +16.8% |
Summary: The 97140 real estate market had 153 homes for sale in April 2024, a 16.8% 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 | 6 | 7 | +16.7% |
| 3 Bedrooms | 46 | 59 | +28.3% |
| 4 Bedrooms | 56 | 64 | +14.3% |
| 5+ Bedrooms | 23 | 23 | 0.0% |
Summary: The 97140 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 16.7%, 3 bedroom homes increased by 28.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +38.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97140, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 97140 in April 2024, up by 38.1% month-over-month. Of the 29 sold homes, 48% were sold under asking, 17% were sold at asking, and 34% were sold over asking.
Days on Market for 97140, OR
How long does it take to sell a home in 97140, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 51 Days | -8.9% |
Summary: Homes in 97140 had an average of 51 days on market in Apr 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97140 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in 97140; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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