Is 97487, 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, 97487 has remained a Seller's Market.
Key Takeaway
97487 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97487, OR
How much do homes in 97487, OR cost?
Median Sold Price
$425,000
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97487 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 97487 was $425,000 in April 2024, down 2.3% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $291K | N/A |
| 2 Bedrooms | $417K | $360K | -13.7% |
| 3 Bedrooms | $417K | $420K | +0.7% |
| 4 Bedrooms | $570K | $475K | -16.7% |
| 5+ Bedrooms | $610K | $875K | +43.4% |
Summary: 97487 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 decreased by 13.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 43.4%.
Median Sold Price Compared To Nearby Zip Codes
| 97437 | $490K | $505K | +3.1% |
| 97405 | $544.8K | $544.2K | -0.1% |
| 97487 | $435K | $425K | -2.3% |
Housing Supply in 97487, OR
How many homes are available in 97487, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The 97487 real estate market had 32 homes for sale in April 2024, a 3.2% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97487 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 11.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97487, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 97487 in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.
Days on Market for 97487, OR
How long does it take to sell a home in 97487, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 90 Days | +316.0% |
Summary: Homes in 97487 had an average of 90 days on market in Apr 2024, up by 316% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97487 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in 97487; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.