Is 97302, 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, 97302 was a Seller's Market.
Key Takeaway
97302 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97302, OR
How much do homes in 97302, OR cost?
Median Sold Price
$439,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97302 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 97302 was $439,000 in April 2024, down 1.3% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $319.9K | - | N/A |
| 2 Bedrooms | $344.9K | $356K | +3.2% |
| 3 Bedrooms | $426.6K | $425K | -0.4% |
| 4 Bedrooms | $508K | $582.5K | +14.7% |
| 5+ Bedrooms | $717.4K | $710K | -1.0% |
Summary: 97302 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes decreased by 1%.
Housing Supply in 97302, OR
How many homes are available in 97302, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 77 | 79 | +2.6% |
Summary: The 97302 real estate market had 79 homes for sale in April 2024, a 2.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 8 | -33.3% |
| 3 Bedrooms | 43 | 49 | +14.0% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 97302 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 decreased by 33.3%, 3 bedroom homes increased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97302, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 97302 in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 97302, OR
How long does it take to sell a home in 97302, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 34 Days | -22.8% |
Summary: Homes in 97302 had an average of 34 days on market in Apr 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97302 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in 97302; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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