Is 97213, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 97213 has remained a Seller's Market.
Key Takeaway
97213 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97213, OR
How much do homes in 97213, OR cost?
Median Sold Price
$577,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97213 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 97213 was $577,000 in April 2024, down 0.6% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $295K | +9.3% |
| 2 Bedrooms | $440K | $446.2K | +1.4% |
| 3 Bedrooms | $600K | $585K | -2.5% |
| 4 Bedrooms | $719K | $720K | 0.1% |
| 5+ Bedrooms | $850K | $824.9K | -2.9% |
Summary: 97213 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in 97213, OR
How many homes are available in 97213, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 88 | 111 | +26.1% |
Summary: The 97213 real estate market had 111 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 30 | 42 | +40.0% |
| 3 Bedrooms | 33 | 39 | +18.2% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 97213 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97213, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in 97213 in April 2024, up by 28.0% month-over-month. Of the 32 sold homes, 38% were sold under asking, 16% were sold at asking, and 47% were sold over asking.
Days on Market for 97213, OR
How long does it take to sell a home in 97213, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 22 Days | -30.3% |
Summary: Homes in 97213 had an average of 22 days on market in Apr 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97213 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in 97213; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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