Is 97448, 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, 97448 has remained a Neutral Market.
Key Takeaway
97448 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97448, OR
How much do homes in 97448, OR cost?
Median Sold Price
$497,900
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97448 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 97448 was $497,900 in April 2024, up 1.9% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335.9K | $401K | +19.4% |
| 3 Bedrooms | $474.7K | $454K | -4.4% |
| 4 Bedrooms | $511.4K | $539K | +5.4% |
| 5+ Bedrooms | $670.9K | $524.9K | -21.8% |
Summary: 97448 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 21.8%.
Median Sold Price Compared To Nearby Zip Codes
| 97437 | $490K | $505K | +3.1% |
| 97448 | $488.4K | $497.9K | +1.9% |
| 97404 | $450K | $440.4K | -2.1% |
| 97456 | $492K | $391.5K | -20.4% |
Housing Supply in 97448, OR
How many homes are available in 97448, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 51 | -10.5% |
Summary: The 97448 real estate market had 51 homes for sale in April 2024, a 10.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 29 | 28 | -3.4% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 97448 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 8 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97448, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 97448 in April 2024, down by 50.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 97448, OR
How long does it take to sell a home in 97448, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 67 Days | +8.2% |
Summary: Homes in 97448 had an average of 67 days on market in Apr 2024, up by 8.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97448 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 97448; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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