Is 97403, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 97403 was a Seller's Market.
Key Takeaway
97403 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97403, OR
How much do homes in 97403, OR cost?
Median Sold Price
$679,900
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97403 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 97403 was $679,900 in March 2024, up 7.7% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $221.6K | N/A |
| 2 Bedrooms | $445K | $490K | +10.1% |
| 3 Bedrooms | $595.5K | $621.6K | +4.4% |
| 4 Bedrooms | $709.8K | $756.2K | +6.5% |
| 5+ Bedrooms | $743.5K | $687.9K | -7.5% |
Summary: 97403 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in 97403, OR
How many homes are available in 97403, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 60 | -1.6% |
Summary: The 97403 real estate market had 60 homes for sale in March 2024, a 1.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 36 | 32 | -11.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97403 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97403, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 97403 in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 97403, OR
How long does it take to sell a home in 97403, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 48 Days | -29.8% |
Summary: Homes in 97403 had an average of 48 days on market in Mar 2024, down by 29.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97403 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in 97403; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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