Is 97301, 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, 97301 has remained a Seller's Market.
Key Takeaway
97301 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97301, OR
How much do homes in 97301, OR cost?
Median Sold Price
$398,750
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97301 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 97301 was $398,750 in April 2024, up 9.8% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256.4K | $230K | -10.3% |
| 2 Bedrooms | $305K | $319.9K | +4.9% |
| 3 Bedrooms | $375K | $380K | +1.3% |
| 4 Bedrooms | $400.2K | $444.9K | +11.2% |
| 5+ Bedrooms | $397.5K | $523.7K | +31.7% |
Summary: 97301 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 31.7%.
Housing Supply in 97301, OR
How many homes are available in 97301, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 83 | 79 | -4.8% |
Summary: The 97301 real estate market had 79 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 97301 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 21 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97301, expect to pay close to the asking price. 47.6% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 97301 in April 2024, down by 25.0% month-over-month. Of the 21 sold homes, 19% were sold under asking, 48% were sold at asking, and 33% were sold over asking.
Days on Market for 97301, OR
How long does it take to sell a home in 97301, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 23 Days | -27.8% |
Summary: Homes in 97301 had an average of 23 days on market in Apr 2024, down by 27.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97301 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in 97301; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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