Is 97470, 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, 97470 was a Buyer's Market.
Key Takeaway
97470 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97470, OR
How much do homes in 97470, OR cost?
Median Sold Price
$310,950
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97470 have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in 97470 was $310,950 in April 2024, down 3.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $90K | -25.0% |
| 2 Bedrooms | $234K | $245K | +4.7% |
| 3 Bedrooms | $330K | $323.9K | -1.8% |
| 4 Bedrooms | $397K | $358K | -9.8% |
| 5+ Bedrooms | $336K | $368.5K | +9.7% |
Summary: 97470 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 9.7%.
Housing Supply in 97470, OR
How many homes are available in 97470, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 | 88 | +10.0% |
Summary: The 97470 real estate market had 88 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 43 | 49 | +14.0% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 97470 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 increased by 9.1%, 3 bedroom homes increased by 14%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97470, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 97470 in April 2024, down by 19.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for 97470, OR
How long does it take to sell a home in 97470, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 48 Days | -36.8% |
Summary: Homes in 97470 had an average of 48 days on market in Apr 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97470 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in 97470; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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