Is 97230, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 97230 has remained a Seller's Market.
Housing Prices in 97230, OR
How much do homes in 97230, OR cost?
Median Sold Price
$450,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97230 was $450,000 in March 2024, up 1.9% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $245.5K | +15.5% |
2 Bedrooms | $337.5K | $325K | -3.7% |
3 Bedrooms | $440K | $444.7K | +1.1% |
4 Bedrooms | $515K | $515K | 0.0% |
5+ Bedrooms | $565K | $556K | -1.6% |
Summary: 97230 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 1.6%.
Housing Supply in 97230, OR
How many homes are available in 97230, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
165 | 171 | +3.6% |
Summary: The 97230 real estate market had 171 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 11 | 0.0% |
2 Bedrooms | 44 | 45 | +2.3% |
3 Bedrooms | 73 | 79 | +8.2% |
4 Bedrooms | 27 | 28 | +3.7% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 97230 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 30 | +30.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in 97230 in March 2024, up by 30.4% month-over-month. Of the 30 sold homes, 27% were sold under asking, 33% were sold at asking, and 40% were sold over asking.
Days on Market for 97230, OR
How long does it take to sell a home in 97230, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 56 Days | +19.7% |
Summary: Homes in 97230 had an average of 56 days on market in Mar 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in 97230; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.