Is 97404, 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, 97404 has remained a Seller's Market.
Key Takeaway
97404 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97404, OR
How much do homes in 97404, OR cost?
Median Sold Price
$440,462
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97404 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 97404 was $440,462 in April 2024, down 2.1% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222K | - | N/A |
| 2 Bedrooms | $360K | $356.5K | -1.0% |
| 3 Bedrooms | $435K | $430K | -1.1% |
| 4 Bedrooms | $534K | $500K | -6.4% |
| 5+ Bedrooms | $572.4K | $585.7K | +2.3% |
Summary: 97404 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 decreased by 1%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in 97404, OR
How many homes are available in 97404, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 82 | 72 | -12.2% |
Summary: The 97404 real estate market had 72 homes for sale in April 2024, a 12.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 54 | 45 | -16.7% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The 97404 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 increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 19 | -40.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97404, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 97404 in April 2024, down by 40.6% month-over-month. Of the 19 sold homes, 26% were sold under asking, 21% were sold at asking, and 53% were sold over asking.
Days on Market for 97404, OR
How long does it take to sell a home in 97404, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 36 Days | +3.8% |
Summary: Homes in 97404 had an average of 36 days on market in Apr 2024, up by 3.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97404 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in 97404; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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