Is 97221, 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, 97221 was a Seller's Market.
Housing Prices in 97221, OR
How much do homes in 97221, OR cost?
Median Sold Price
$812,500
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 97221 was $812,500 in April 2024, down 4.4% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $472.5K | - | N/A |
2 Bedrooms | $373K | $485K | +30.0% |
3 Bedrooms | $734.1K | $632K | -13.9% |
4 Bedrooms | $899.5K | $1.0M | +11.2% |
5+ Bedrooms | $1.1M | $1.0M | -10.3% |
Summary: 97221 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in 97221, OR
How many homes are available in 97221, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 64 | +39.1% |
Summary: The 97221 real estate market had 64 homes for sale in April 2024, a 39.1% 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 | 7 | 6 | -14.3% |
3 Bedrooms | 12 | 18 | +50.0% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 7 | 15 | +114.3% |
Summary: The 97221 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 decreased by 14.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 114.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 97221 in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 97221, OR
How long does it take to sell a home in 97221, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 14 Days | -67.3% |
Summary: Homes in 97221 had an average of 14 days on market in Apr 2024, down by 67.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in 97221; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.