Is 97424, 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, 97424 was a Seller's Market.
Housing Prices in 97424, OR
How much do homes in 97424, OR cost?
Median Sold Price
$380,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97424 was $380,000 in March 2024, up 2.7% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $350K | +27.3% |
2 Bedrooms | $317K | $309.9K | -2.2% |
3 Bedrooms | $370K | $379.9K | +2.7% |
4 Bedrooms | $445K | $482K | +8.3% |
5+ Bedrooms | $490K | $580K | +18.4% |
Summary: 97424 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Zip Codes
97426 | $425K | $450K | +5.9% |
97424 | $370K | $380K | +2.7% |
Housing Supply in 97424, OR
How many homes are available in 97424, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
92 | 96 | +4.3% |
Summary: The 97424 real estate market had 96 homes for sale in March 2024, a 4.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 42 | 47 | +11.9% |
4 Bedrooms | 35 | 35 | 0.0% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 97424 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 97424 in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for 97424, OR
How long does it take to sell a home in 97424, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 58 Days | +24.9% |
Summary: Homes in 97424 had an average of 58 days on market in Mar 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 97424; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.