Is 97203, 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, 97203 was a Seller's Market.
Key Takeaway
97203 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97203, OR
How much do homes in 97203, OR cost?
Median Sold Price
$450,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97203 have sold for 7% less than they did a year ago.
Summary: The median home sold price in 97203 was $450,000 in March 2024, down 7% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $291.5K | +10.0% |
| 2 Bedrooms | $415K | $374.8K | -9.7% |
| 3 Bedrooms | $493.3K | $474K | -3.9% |
| 4 Bedrooms | $615K | $575K | -6.5% |
| 5+ Bedrooms | $620K | $799.5K | +29.0% |
Summary: 97203 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 29%.
Housing Supply in 97203, OR
How many homes are available in 97203, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 209 | 227 | +8.6% |
Summary: The 97203 real estate market had 227 homes for sale in March 2024, a 8.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 82 | 88 | +7.3% |
| 3 Bedrooms | 63 | 72 | +14.3% |
| 4 Bedrooms | 34 | 38 | +11.8% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The 97203 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97203, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 97203 in March 2024, down by 16.7% month-over-month. Of the 20 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for 97203, OR
How long does it take to sell a home in 97203, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 91 Days | 36 Days | -59.9% |
Summary: Homes in 97203 had an average of 36 days on market in Mar 2024, down by 59.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97203 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in 97203; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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