Is 97405, 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, 97405 was a Seller's Market.
Housing Prices in 97405, OR
How much do homes in 97405, OR cost?
Median Sold Price
$545,000
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97405 was $545,000 in March 2024, down 0.6% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $243.4K | $328K | +34.8% |
2 Bedrooms | $325K | $364.2K | +12.1% |
3 Bedrooms | $530.5K | $530K | -0.1% |
4 Bedrooms | $633.5K | $645K | +1.8% |
5+ Bedrooms | $715K | $1.0M | +39.9% |
Summary: 97405 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.8%, 2 bedroom homes increased by 12.1%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 39.9%.
Housing Supply in 97405, OR
How many homes are available in 97405, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
223 | 228 | +2.2% |
Summary: The 97405 real estate market had 228 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 51 | 56 | +9.8% |
3 Bedrooms | 88 | 89 | +1.1% |
4 Bedrooms | 60 | 61 | +1.7% |
5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The 97405 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 28 | -20.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 97405 in March 2024, down by 20.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 97405, OR
How long does it take to sell a home in 97405, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 51 Days | +26.4% |
Summary: Homes in 97405 had an average of 51 days on market in Mar 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 97405; 64% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.