Is 97201, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 97201 was a Seller's Market.
Housing Prices in 97201, OR
How much do homes in 97201, OR cost?
Median Sold Price
$500,905
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97201 was $500,905 in March 2024, up 15.1% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $253K | -6.3% |
2 Bedrooms | $390K | $435K | +11.5% |
3 Bedrooms | $804.5K | $825K | +2.5% |
4 Bedrooms | $1.3M | $1.1M | -17.4% |
5+ Bedrooms | $1.9M | $969.9K | -48.9% |
Summary: 97201 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 48.9%.
Housing Supply in 97201, OR
How many homes are available in 97201, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
244 | 263 | +7.8% |
Summary: The 97201 real estate market had 263 homes for sale in March 2024, a 7.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 60 | 63 | +5.0% |
2 Bedrooms | 93 | 101 | +8.6% |
3 Bedrooms | 46 | 50 | +8.7% |
4 Bedrooms | 28 | 30 | +7.1% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 97201 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 97201 in March 2024, up by 26.7% month-over-month. Of the 19 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.
Days on Market for 97201, OR
How long does it take to sell a home in 97201, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 79 Days | +49.4% |
Summary: Homes in 97201 had an average of 79 days on market in Mar 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 97201; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.