Is 97408, 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, 97408 was a Seller's Market.
Key Takeaway
97408 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97408, OR
How much do homes in 97408, OR cost?
Median Sold Price
$649,450
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97408 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 97408 was $649,450 in March 2024, up 8.2% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $479K | $510K | +6.5% |
| 3 Bedrooms | $500K | $595K | +19.0% |
| 4 Bedrooms | $685K | $830K | +21.2% |
| 5+ Bedrooms | $968K | $1.1M | +18.4% |
Summary: 97408 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 6.5%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 18.4%.
Housing Supply in 97408, OR
How many homes are available in 97408, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 68 | 70 | +2.9% |
Summary: The 97408 real estate market had 70 homes for sale in March 2024, a 2.9% increase 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 32 | 35 | +9.4% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 97408 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 increased by 33.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97408, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 97408 in March 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for 97408, OR
How long does it take to sell a home in 97408, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 22 Days | -46.2% |
Summary: Homes in 97408 had an average of 22 days on market in Mar 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97408 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in 97408; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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