Is 97402, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 97402 has remained a Seller's Market.
Key Takeaway
97402 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97402, OR
How much do homes in 97402, OR cost?
Median Sold Price
$389,133
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97402 have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in 97402 was $389,133 in March 2024, up 0.7% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268K | $263.5K | -1.7% |
| 2 Bedrooms | $299K | $317.5K | +6.2% |
| 3 Bedrooms | $391.5K | $388.7K | -0.7% |
| 4 Bedrooms | $445K | $480K | +7.9% |
| 5+ Bedrooms | $585K | $612.5K | +4.7% |
Summary: 97402 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in 97402, OR
How many homes are available in 97402, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 156 | 155 | -0.6% |
Summary: The 97402 real estate market had 155 homes for sale in March 2024, a 0.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 22 | 27 | +22.7% |
| 3 Bedrooms | 97 | 91 | -6.2% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 97402 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 22.7%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97402, you could pay more than the asking price. 37% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 97402 in March 2024, down by 15.6% month-over-month. Of the 27 sold homes, 30% were sold under asking, 33% were sold at asking, and 37% were sold over asking.
Days on Market for 97402, OR
How long does it take to sell a home in 97402, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 53 Days | +60.8% |
Summary: Homes in 97402 had an average of 53 days on market in Mar 2024, up by 60.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97402 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in 97402; 59% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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