Is 97306, 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, 97306 has remained a Seller's Market.
Key Takeaway
97306 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97306, OR
How much do homes in 97306, OR cost?
Median Sold Price
$477,500
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97306 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 97306 was $477,500 in April 2024, up 2.7% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $340.5K | $276.9K | -18.7% |
| 3 Bedrooms | $440K | $449K | +2.0% |
| 4 Bedrooms | $600.5K | $596.4K | -0.7% |
| 5+ Bedrooms | $550K | $700K | +27.3% |
Summary: 97306 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 decreased by 18.7%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Zip Codes
| 97351 | $409.9K | $422.5K | +3.1% |
| 97306 | $465K | $477.5K | +2.7% |
| 97302 | $444.9K | $439K | -1.3% |
Housing Supply in 97306, OR
How many homes are available in 97306, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Summary: The 97306 real estate market had 66 homes for sale in April 2024, a 1.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 43 | 39 | -9.3% |
| 4 Bedrooms | 17 | 19 | +11.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 97306 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 100%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97306, expect to pay close to the asking price. 52.4% of homes here sold near the asking price last month.
Summary: A total of 21 homes were sold or pending in 97306 in April 2024, up by 40.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 52% were sold at asking, and 19% were sold over asking.
Days on Market for 97306, OR
How long does it take to sell a home in 97306, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 42 Days | +64.3% |
Summary: Homes in 97306 had an average of 42 days on market in Apr 2024, up by 64.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97306 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in 97306; 67% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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