Is 97411, 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, 97411 has remained a Buyer's Market.
Key Takeaway
97411 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97411, OR
How much do homes in 97411, OR cost?
Median Sold Price
$532,500
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97411 have sold for 11.6% less than they did a year ago.
Summary: The median home sold price in 97411 was $532,500 in April 2024, down 11.6% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $677K | $295K | -56.4% |
| 2 Bedrooms | $380K | $455K | +19.7% |
| 3 Bedrooms | $599K | $548K | -8.5% |
| 4 Bedrooms | $720K | $555K | -22.9% |
| 5+ Bedrooms | $1.5M | $1.3M | -10.8% |
Summary: 97411 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.4%, 2 bedroom homes increased by 19.7%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in 97411, OR
How many homes are available in 97411, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 54 | +5.9% |
Summary: The 97411 real estate market had 54 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97411 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97411, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 97411 in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 97411, OR
How long does it take to sell a home in 97411, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 21 Days | -68.8% |
Summary: Homes in 97411 had an average of 21 days on market in Apr 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97411 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in 97411; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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