Is 97229, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, 97229 was a Seller's Market.
Key Takeaway
97229 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97229, OR
How much do homes in 97229, OR cost?
Median Sold Price
$759,650
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in 97229 have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in 97229 was $759,650 in November 2023, down 0.9% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $273K | $272.5K | -0.2% |
| 2 Bedrooms | $420K | $425K | +1.2% |
| 3 Bedrooms | $619K | $620K | 0.2% |
| 4 Bedrooms | $832K | $822K | -1.2% |
| 5+ Bedrooms | $1.0M | $1.0M | +3.6% |
Summary: 97229 housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in 97229, OR
How many homes are available in 97229, OR?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 454 | 452 | -0.4% |
Summary: The 97229 real estate market had 452 homes for sale in November 2023, a 0.4% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 50 | 54 | +8.0% |
| 3 Bedrooms | 94 | 101 | +7.4% |
| 4 Bedrooms | 177 | 171 | -3.4% |
| 5+ Bedrooms | 121 | 113 | -6.6% |
Summary: The 97229 housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 6.6%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 60 | 59 | -1.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97229, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in 97229 in November 2023, down by 1.7% month-over-month. Of the 59 sold homes, 54% were sold under asking, 20% were sold at asking, and 25% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 24 Days | 41 Days | +68.0% |
Summary: Homes in 97229 had an average of 41 days on market in Nov 2023, up by 68% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97229 are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 59 homes were sold in 97229; 51% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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