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.
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
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
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
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.