Is 97338, 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, 97338 has remained a Seller's Market.
Key Takeaway
97338 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97338, OR
How much do homes in 97338, OR cost?
Median Sold Price
$422,250
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97338 have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in 97338 was $422,250 in April 2024, down 7.8% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $350K | $355K | +1.4% |
| 3 Bedrooms | $447.5K | $418K | -6.6% |
| 4 Bedrooms | $531.7K | $466K | -12.4% |
| 5+ Bedrooms | $661K | $582.9K | -11.8% |
Summary: 97338 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 1.4%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 11.8%.
Median Sold Price Compared To Nearby Zip Codes
| 97378 | $375K | $360K | -4.0% |
| 97338 | $458K | $422.2K | -7.8% |
Housing Supply in 97338, OR
How many homes are available in 97338, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 74 | +1.4% |
Summary: The 97338 real estate market had 74 homes for sale in April 2024, a 1.4% 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 | 15 | 10 | -33.3% |
| 3 Bedrooms | 44 | 43 | -2.3% |
| 4 Bedrooms | 10 | 16 | +60.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 97338 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 decreased by 2.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97338, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 97338 in April 2024, down by 21.1% month-over-month. Of the 15 sold homes, 47% were sold under asking, 40% were sold at asking, and 13% were sold over asking.
Days on Market for 97338, OR
How long does it take to sell a home in 97338, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 151 Days | +155.8% |
Summary: Homes in 97338 had an average of 151 days on market in Apr 2024, up by 155.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97338 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 15 homes were sold in 97338; 13% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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