Is 97321, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 97321 has remained a Seller's Market.
Key Takeaway
97321 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97321, OR
How much do homes in 97321, OR cost?
Median Sold Price
$528,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 97321 have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in 97321 was $528,000 in May 2024, up 9.1% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $289.5K | $335K | +15.7% |
| 3 Bedrooms | $452.5K | $500K | +10.5% |
| 4 Bedrooms | $566.5K | $553K | -2.4% |
| 5+ Bedrooms | $590K | $497.5K | -15.7% |
Summary: 97321 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 15.7%.
Housing Supply in 97321, OR
How many homes are available in 97321, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Summary: The 97321 real estate market had 40 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 3 | 9 | +200.0% |
Summary: The 97321 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97321, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 97321 in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 97321, OR
How long does it take to sell a home in 97321, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 28 Days | +19.2% |
Summary: Homes in 97321 had an average of 28 days on market in May 2024, up by 19.2% compared to last year.
Breakdown of Home Sale Times
5 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 97321 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in 97321; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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