Is 97206, 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, 97206 was a Seller's Market.
Housing Prices in 97206, OR
How much do homes in 97206, OR cost?
Median Sold Price
$461,521
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97206 was $461,521 in March 2024, down 7.5% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $331.2K | $360K | +8.7% |
2 Bedrooms | $420K | $405K | -3.6% |
3 Bedrooms | $502.6K | $477K | -5.1% |
4 Bedrooms | $610K | $599.5K | -1.7% |
5+ Bedrooms | $692.5K | $700K | +1.1% |
Summary: 97206 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in 97206, OR
How many homes are available in 97206, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
271 | 307 | +13.3% |
Summary: The 97206 real estate market had 307 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 80 | 102 | +27.5% |
3 Bedrooms | 112 | 118 | +5.4% |
4 Bedrooms | 52 | 53 | +1.9% |
5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The 97206 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 37 | +27.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in 97206 in March 2024, up by 27.6% month-over-month. Of the 37 sold homes, 27% were sold under asking, 19% were sold at asking, and 54% were sold over asking.
Days on Market for 97206, OR
How long does it take to sell a home in 97206, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 45 Days | -0.3% |
Summary: Homes in 97206 had an average of 45 days on market in Mar 2024, down by 0.3% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in 97206; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.