Is 97223, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 97223 was a Seller's Market.
Housing Prices in 97223, OR
How much do homes in 97223, OR cost?
Median Sold Price
$597,500
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97223 was $597,500 in March 2024, down 3.4% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206K | $195K | -5.3% |
2 Bedrooms | $387K | $403.5K | +4.3% |
3 Bedrooms | $570K | $570K | 0.0% |
4 Bedrooms | $695K | $685K | -1.4% |
5+ Bedrooms | $837.9K | $825K | -1.5% |
Summary: 97223 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 97223, OR
How many homes are available in 97223, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
163 | 186 | +14.1% |
Summary: The 97223 real estate market had 186 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 15 | +66.7% |
3 Bedrooms | 60 | 69 | +15.0% |
4 Bedrooms | 61 | 68 | +11.5% |
5+ Bedrooms | 33 | 33 | 0.0% |
Summary: The 97223 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in 97223 in March 2024, up by 27.8% month-over-month. Of the 23 sold homes, 13% were sold under asking, 26% were sold at asking, and 61% were sold over asking.
Days on Market for 97223, OR
How long does it take to sell a home in 97223, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 23 Days | -46.8% |
Summary: Homes in 97223 had an average of 23 days on market in Mar 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in 97223; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.