Is 97224, 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, 97224 has remained a Seller's Market.
Key Takeaway
97224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97224, OR
How much do homes in 97224, OR cost?
Median Sold Price
$600,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97224 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 97224 was $600,000 in April 2024, down 1.2% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $203K | -3.3% |
| 2 Bedrooms | $392K | $400K | +2.0% |
| 3 Bedrooms | $582.5K | $591.9K | +1.6% |
| 4 Bedrooms | $732.5K | $715K | -2.4% |
| 5+ Bedrooms | $831K | $842.5K | +1.4% |
Summary: 97224 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 97224, OR
How many homes are available in 97224, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 202 | 217 | +7.4% |
Summary: The 97224 real estate market had 217 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 51 | 57 | +11.8% |
| 3 Bedrooms | 47 | 50 | +6.4% |
| 4 Bedrooms | 70 | 74 | +5.7% |
| 5+ Bedrooms | 31 | 34 | +9.7% |
Summary: The 97224 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97224, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in 97224 in April 2024, the same as the previous month. Of the 44 sold homes, 36% were sold under asking, 30% were sold at asking, and 34% were sold over asking.
Days on Market for 97224, OR
How long does it take to sell a home in 97224, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 35 Days | -20.9% |
Summary: Homes in 97224 had an average of 35 days on market in Apr 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97224 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in 97224; 66% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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