Is 97383, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 97383 was a Seller's Market.
Key Takeaway
97383 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97383, OR
How much do homes in 97383, OR cost?
Median Sold Price
$425,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 97383 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 97383 was $425,000 in May 2024, down 1.2% 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 | $311K | $347.5K | +11.7% |
| 3 Bedrooms | $417.5K | $425K | +1.8% |
| 4 Bedrooms | $575K | $495K | -13.9% |
| 5+ Bedrooms | $502.5K | $535K | +6.5% |
Summary: 97383 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 11.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Zip Codes
| 97374 | $550K | $710K | +29.1% |
| 97325 | $520K | $627.5K | +20.7% |
| 97383 | $430K | $425K | -1.2% |
Housing Supply in 97383, OR
How many homes are available in 97383, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The 97383 real estate market had 20 homes for sale in May 2024, a 4.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97383 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97383, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 97383 in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 97383, OR
How long does it take to sell a home in 97383, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 13 Days | -35.1% |
Summary: Homes in 97383 had an average of 13 days on market in May 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97383 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in 97383; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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