Is 97457, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 97457 was a Seller's Market.
Key Takeaway
97457 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97457, OR
How much do homes in 97457, OR cost?
Median Sold Price
$285,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97457 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 97457 was $285,000 in April 2024, down 1.4% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $198.5K | +108.9% |
| 2 Bedrooms | $216K | $253.5K | +17.4% |
| 3 Bedrooms | $300.7K | $289.7K | -3.7% |
| 4 Bedrooms | $340K | $452.5K | +33.1% |
| 5+ Bedrooms | $310K | $555K | +79.0% |
Summary: 97457 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108.9%, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 33.1%, and 5+ bedroom homes increased by 79%.
Median Sold Price Compared To Nearby Zip Codes
| 97457 | $289K | $285K | -1.4% |
| 97470 | $322.5K | $310.9K | -3.6% |
Housing Supply in 97457, OR
How many homes are available in 97457, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Summary: The 97457 real estate market had 42 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 24 | 26 | +8.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 97457 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97457, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 97457 in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 97457, OR
How long does it take to sell a home in 97457, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 125 Days | 28 Days | -77.4% |
Summary: Homes in 97457 had an average of 28 days on market in Apr 2024, down by 77.4% compared to last year.
Breakdown of Home Sale Times
2 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 97457 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in 97457; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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