Is 97202, 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, 97202 was a Seller's Market.
Housing Prices in 97202, OR
How much do homes in 97202, OR cost?
Median Sold Price
$633,333
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97202 was $633,333 in March 2024, down 4.9% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $342.5K | -19.4% |
2 Bedrooms | $525K | $455K | -13.3% |
3 Bedrooms | $665K | $684.9K | +3.0% |
4 Bedrooms | $820.5K | $777K | -5.3% |
5+ Bedrooms | $923.7K | $953.7K | +3.2% |
Summary: 97202 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 97202, OR
How many homes are available in 97202, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
163 | 183 | +12.3% |
Summary: The 97202 real estate market had 183 homes for sale in March 2024, a 12.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 55 | 60 | +9.1% |
3 Bedrooms | 45 | 53 | +17.8% |
4 Bedrooms | 37 | 41 | +10.8% |
5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The 97202 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 30 | +100.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 97202 in March 2024, up by 100.0% month-over-month. Of the 30 sold homes, 23% were sold under asking, 40% were sold at asking, and 37% were sold over asking.
Days on Market for 97202, OR
How long does it take to sell a home in 97202, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 45 Days | +18.2% |
Summary: Homes in 97202 had an average of 45 days on market in Mar 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 97202; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.