Is 97478, 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, 97478 was a Seller's Market.
Housing Prices in 97478, OR
How much do homes in 97478, OR cost?
Median Sold Price
$428,150
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97478 was $428,150 in March 2024, down 1.4% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242.5K | - | N/A |
2 Bedrooms | $325K | $330K | +1.5% |
3 Bedrooms | $423.2K | $415K | -1.9% |
4 Bedrooms | $544.3K | $561.5K | +3.1% |
5+ Bedrooms | $628.5K | $739.5K | +17.6% |
Summary: 97478 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Zip Codes
97477 | $400K | $415K | +3.8% |
97478 | $434.2K | $428.1K | -1.4% |
Housing Supply in 97478, OR
How many homes are available in 97478, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
139 | 145 | +4.3% |
Summary: The 97478 real estate market had 145 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 | 0 | 0.0% |
2 Bedrooms | 13 | 10 | -23.1% |
3 Bedrooms | 89 | 97 | +9.0% |
4 Bedrooms | 29 | 31 | +6.9% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 97478 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 97478 in March 2024, down by 29.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.
Days on Market for 97478, OR
How long does it take to sell a home in 97478, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 78 Days | +75.1% |
Summary: Homes in 97478 had an average of 78 days on market in Mar 2024, up by 75.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 97478; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.