Is 97211, 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, 97211 was a Seller's Market.
Housing Prices in 97211, OR
How much do homes in 97211, OR cost?
Median Sold Price
$587,625
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97211 was $587,625 in March 2024, down 1.9% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $311.9K | $282.5K | -9.4% |
2 Bedrooms | $481K | $478K | -0.6% |
3 Bedrooms | $603.9K | $583K | -3.5% |
4 Bedrooms | $735K | $746.6K | +1.6% |
5+ Bedrooms | $852.5K | $810K | -5.0% |
Summary: 97211 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 97211, OR
How many homes are available in 97211, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
175 | 193 | +10.3% |
Summary: The 97211 real estate market had 193 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 36 | 45 | +25.0% |
3 Bedrooms | 68 | 73 | +7.4% |
4 Bedrooms | 47 | 51 | +8.5% |
5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The 97211 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 27 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 97211 in March 2024, up by 80.0% month-over-month. Of the 27 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for 97211, OR
How long does it take to sell a home in 97211, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 31 Days | +43.0% |
Summary: Homes in 97211 had an average of 31 days on market in Mar 2024, up by 43% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 97211; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.