Is 97215, 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, 97215 has remained a Seller's Market.
Key Takeaway
97215 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97215, OR
How much do homes in 97215, OR cost?
Median Sold Price
$610,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97215 have sold for 10.6% less than they did a year ago.
Summary: The median home sold price in 97215 was $610,000 in April 2024, down 10.6% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $570K | $299K | -47.5% |
| 2 Bedrooms | $467K | $493.1K | +5.6% |
| 3 Bedrooms | $651K | $625K | -4.0% |
| 4 Bedrooms | $802.5K | $760K | -5.3% |
| 5+ Bedrooms | $840K | $1.1M | +38.1% |
Summary: 97215 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 38.1%.
Housing Supply in 97215, OR
How many homes are available in 97215, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 41 | 46 | +12.2% |
Summary: The 97215 real estate market had 46 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 97215 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97215, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 97215 in April 2024, down by 46.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for 97215, OR
How long does it take to sell a home in 97215, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 9 Days | +16.0% |
Summary: Homes in 97215 had an average of 9 days on market in Apr 2024, up by 16% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97215 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 97215; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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