Is 97801, 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, 97801 has remained a Seller's Market.
Key Takeaway
97801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97801, OR
How much do homes in 97801, OR cost?
Median Sold Price
$295,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97801 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 97801 was $295,000 in April 2024, down 1.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $80.5K | -46.3% |
| 2 Bedrooms | $195K | $213.5K | +9.5% |
| 3 Bedrooms | $290K | $294K | +1.4% |
| 4 Bedrooms | $380K | $352K | -7.4% |
| 5+ Bedrooms | $367K | $335K | -8.7% |
Summary: 97801 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 8.7%.
Housing Supply in 97801, OR
How many homes are available in 97801, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 75 | +13.6% |
Summary: The 97801 real estate market had 75 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 31 | 29 | -6.5% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The 97801 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97801, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 97801 in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for 97801, OR
How long does it take to sell a home in 97801, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 73 Days | 84 Days | +15.1% |
Summary: Homes in 97801 had an average of 84 days on market in Apr 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97801 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 97801; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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