Is 97231, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 97231 was a Seller's Market.
Key Takeaway
97231 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97231, OR
How much do homes in 97231, OR cost?
Median Sold Price
$720,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97231 have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in 97231 was $720,000 in April 2024, up 16.1% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $321.5K | $301K | -6.4% |
| 2 Bedrooms | $382K | $350K | -8.4% |
| 3 Bedrooms | $658.5K | $759.9K | +15.4% |
| 4 Bedrooms | $1.0M | $980K | -8.6% |
| 5+ Bedrooms | $1.6M | $945.7K | -43.8% |
Summary: 97231 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 43.8%.
Housing Supply in 97231, OR
How many homes are available in 97231, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The 97231 real estate market had 39 homes for sale in April 2024, a 18.2% 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 | 8 | 9 | +12.5% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 97231 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 12.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97231, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 97231 in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 97231, OR
How long does it take to sell a home in 97231, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 109 Days | +116.8% |
Summary: Homes in 97231 had an average of 109 days on market in Apr 2024, up by 116.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97231 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in 97231; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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