Is 97477, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 97477 has remained a Seller's Market.
Key Takeaway
97477 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97477, OR
How much do homes in 97477, OR cost?
Median Sold Price
$415,000
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97477 have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in 97477 was $415,000 in March 2024, up 3.8% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $233.7K | +3.9% |
| 2 Bedrooms | $317K | $310K | -2.2% |
| 3 Bedrooms | $399K | $410K | +2.8% |
| 4 Bedrooms | $470.2K | $454.9K | -3.2% |
| 5+ Bedrooms | $522.9K | $514.2K | -1.7% |
Summary: 97477 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in 97477, OR
How many homes are available in 97477, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 123 | 122 | -0.8% |
Summary: The 97477 real estate market had 122 homes for sale in March 2024, a 0.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 68 | 74 | +8.8% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97477 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 31.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 30 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97477, you could pay more than the asking price. 58.6% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 97477 in March 2024, up by 25.0% month-over-month. Of the 29 sold homes, 24% were sold under asking, 17% were sold at asking, and 59% were sold over asking.
Days on Market for 97477, OR
How long does it take to sell a home in 97477, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 56 Days | +133.3% |
Summary: Homes in 97477 had an average of 56 days on market in Mar 2024, up by 133.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97477 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 30 homes were sold in 97477; 43% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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