Is 97205, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 97205 has remained a Buyer's Market.
Housing Prices in 97205, OR
How much do homes in 97205, OR cost?
Median Sold Price
$428,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97205 was $428,000 in March 2024, up 8.4% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $307.5K | -3.9% |
2 Bedrooms | $475K | $428K | -9.9% |
3 Bedrooms | $1.0M | $852.5K | -22.1% |
4 Bedrooms | $1.6M | $1.3M | -16.0% |
5+ Bedrooms | $1.1M | $1.4M | +28.1% |
Summary: 97205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 9.9%, 3 bedroom homes decreased by 22.1%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 28.1%.
Housing Supply in 97205, OR
How many homes are available in 97205, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 72 | +5.9% |
Summary: The 97205 real estate market had 72 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 32 | 37 | +15.6% |
2 Bedrooms | 18 | 17 | -5.6% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 97205 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.6%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 97205 in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 97205, OR
How long does it take to sell a home in 97205, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
120 Days | 64 Days | -46.5% |
Summary: Homes in 97205 had an average of 64 days on market in Mar 2024, down by 46.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 97205; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.