Is 97225, 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, 97225 has remained a Seller's Market.
Housing Prices in 97225, OR
How much do homes in 97225, OR cost?
Median Sold Price
$722,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 97225 was $722,000 in April 2024, up 3.1% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217.5K | $230K | +5.7% |
2 Bedrooms | $428K | $498.7K | +16.5% |
3 Bedrooms | $675K | $680K | +0.7% |
4 Bedrooms | $870K | $883.7K | +1.6% |
5+ Bedrooms | $1.0M | $980K | -6.2% |
Summary: 97225 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 6.2%.
Housing Supply in 97225, OR
How many homes are available in 97225, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 74 | +27.6% |
Summary: The 97225 real estate market had 74 homes for sale in April 2024, a 27.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 20 | 28 | +40.0% |
4 Bedrooms | 23 | 26 | +13.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The 97225 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 16.7%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 97225 in April 2024, up by 28.6% month-over-month. Of the 18 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for 97225, OR
How long does it take to sell a home in 97225, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 17 Days | -64.2% |
Summary: Homes in 97225 had an average of 17 days on market in Apr 2024, down by 64.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in 97225; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.