Is 97212, 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, 97212 was a Seller's Market.
Housing Prices in 97212, OR
How much do homes in 97212, OR cost?
Median Sold Price
$820,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97212 was $820,000 in March 2024, up 1.2% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $345K | +7.8% |
2 Bedrooms | $547K | $499.4K | -8.7% |
3 Bedrooms | $736K | $741K | +0.7% |
4 Bedrooms | $940K | $897.5K | -4.5% |
5+ Bedrooms | $1.3M | $1.1M | -8.5% |
Summary: 97212 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 8.5%.
Housing Supply in 97212, OR
How many homes are available in 97212, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 139 | +15.8% |
Summary: The 97212 real estate market had 139 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 18 | 14 | -22.2% |
3 Bedrooms | 39 | 48 | +23.1% |
4 Bedrooms | 34 | 42 | +23.5% |
5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The 97212 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 97212 in March 2024, up by 9.1% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for 97212, OR
How long does it take to sell a home in 97212, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 23 Days | -20.6% |
Summary: Homes in 97212 had an average of 23 days on market in Mar 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 97212; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.