Is 97420, 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, 97420 was a Seller's Market.
Housing Prices in 97420, OR
How much do homes in 97420, OR cost?
Median Sold Price
$330,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97420 was $330,000 in March 2024, down 2.8% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182K | $228.5K | +25.5% |
2 Bedrooms | $253.5K | $247.5K | -2.4% |
3 Bedrooms | $372.8K | $346.2K | -7.1% |
4 Bedrooms | $420K | $410K | -2.4% |
5+ Bedrooms | $559.9K | $465K | -17.0% |
Summary: 97420 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 17%.
Housing Supply in 97420, OR
How many homes are available in 97420, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
147 | 170 | +15.6% |
Summary: The 97420 real estate market had 170 homes for sale in March 2024, a 15.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 27 | 26 | -3.7% |
3 Bedrooms | 73 | 91 | +24.7% |
4 Bedrooms | 34 | 40 | +17.6% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 97420 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 97420 in March 2024, up by 60.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for 97420, OR
How long does it take to sell a home in 97420, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 82 Days | +118.8% |
Summary: Homes in 97420 had an average of 82 days on market in Mar 2024, up by 118.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in 97420; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.