Is 97305, 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, 97305 was a Seller's Market.
Key Takeaway
97305 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 97305, OR
How much do homes in 97305, OR cost?
Median Sold Price
$435,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97305 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 97305 was $435,000 in April 2024, up 7.5% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $299K | N/A |
| 2 Bedrooms | $250K | $325K | +30.0% |
| 3 Bedrooms | $399.9K | $435K | +8.8% |
| 4 Bedrooms | $450K | $460K | +2.2% |
| 5+ Bedrooms | $499K | $517K | +3.6% |
Summary: 97305 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 30%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in 97305, OR
How many homes are available in 97305, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 42 | +13.5% |
Summary: The 97305 real estate market had 42 homes for sale in April 2024, a 13.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97305 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97305, expect to pay close to the asking price. 71.4% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 97305 in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 71% were sold at asking, and 29% were sold over asking.
Days on Market for 97305, OR
How long does it take to sell a home in 97305, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 30 Days | +19.9% |
Summary: Homes in 97305 had an average of 30 days on market in Apr 2024, up by 19.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97305 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 97305; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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