Is 97214, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 97214 was a Seller's Market.
Key Takeaway
97214 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97214, OR
How much do homes in 97214, OR cost?
Median Sold Price
$680,167
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97214 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 97214 was $680,167 in April 2024, down 1.4% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332K | $297.5K | -10.4% |
| 2 Bedrooms | $491.7K | $505K | +2.7% |
| 3 Bedrooms | $699.9K | $682.4K | -2.5% |
| 4 Bedrooms | $825K | $886.5K | +7.5% |
| 5+ Bedrooms | $960K | $895K | -6.8% |
Summary: 97214 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in 97214, OR
How many homes are available in 97214, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 56 | +27.3% |
Summary: The 97214 real estate market had 56 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 11 | 17 | +54.5% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The 97214 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 9 | -35.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97214, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 97214 in April 2024, down by 35.7% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for 97214, OR
How long does it take to sell a home in 97214, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 59 Days | +173.6% |
Summary: Homes in 97214 had an average of 59 days on market in Apr 2024, up by 173.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97214 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 97214; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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