Is 97229, 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, 97229 was a Seller's Market.
Housing Prices in 97229, OR
How much do homes in 97229, OR cost?
Median Sold Price
$757,966
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97229 was $757,966 in March 2024, down 2.3% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279K | $257.5K | -7.7% |
2 Bedrooms | $422.7K | $420K | -0.7% |
3 Bedrooms | $625K | $621.4K | -0.6% |
4 Bedrooms | $835K | $825.6K | -1.1% |
5+ Bedrooms | $1.0M | $1.0M | 0.2% |
Summary: 97229 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in 97229, OR
How many homes are available in 97229, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
454 | 486 | +7.0% |
Summary: The 97229 real estate market had 486 homes for sale in March 2024, a 7.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 16 | +33.3% |
2 Bedrooms | 53 | 69 | +30.2% |
3 Bedrooms | 92 | 93 | +1.1% |
4 Bedrooms | 173 | 181 | +4.6% |
5+ Bedrooms | 124 | 127 | +2.4% |
Summary: The 97229 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 30.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 50 | -2.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in 97229 in March 2024, down by 2.0% month-over-month. Of the 50 sold homes, 42% were sold under asking, 14% were sold at asking, and 44% were sold over asking.
Days on Market for 97229, OR
How long does it take to sell a home in 97229, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 42 Days | +13.9% |
Summary: Homes in 97229 had an average of 42 days on market in Mar 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 50 homes were sold in 97229; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.