Is 97218, 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, 97218 has remained a Seller's Market.
Key Takeaway
97218 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97218, OR
How much do homes in 97218, OR cost?
Median Sold Price
$475,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97218 have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in 97218 was $475,000 in April 2024, down 4.8% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255K | $335K | +31.4% |
| 2 Bedrooms | $417K | $405K | -2.9% |
| 3 Bedrooms | $520K | $487.4K | -6.3% |
| 4 Bedrooms | $560K | $580K | +3.6% |
| 5+ Bedrooms | $647K | $594.5K | -8.1% |
Summary: 97218 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 8.1%.
Housing Supply in 97218, OR
How many homes are available in 97218, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 | 53 | +15.2% |
Summary: The 97218 real estate market had 53 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 97218 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 14 | -17.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97218, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 97218 in April 2024, down by 17.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for 97218, OR
How long does it take to sell a home in 97218, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 46 Days | +31.0% |
Summary: Homes in 97218 had an average of 46 days on market in Apr 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97218 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in 97218; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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