Is 97814, 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, 97814 has remained a Buyer's Market.
Key Takeaway
97814 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97814, OR
How much do homes in 97814, OR cost?
Median Sold Price
$300,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97814 have sold for 19% more than they did a year ago.
Summary: The median home sold price in 97814 was $300,000 in March 2024, up 19% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $205K | -2.4% |
| 2 Bedrooms | $191.2K | $196.3K | +2.7% |
| 3 Bedrooms | $274K | $325K | +18.6% |
| 4 Bedrooms | $342K | $349.5K | +2.2% |
| 5+ Bedrooms | $425K | $438K | +3.1% |
Summary: 97814 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 97814, OR
How many homes are available in 97814, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 104 | 107 | +2.9% |
Summary: The 97814 real estate market had 107 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 31 | 32 | +3.2% |
| 3 Bedrooms | 39 | 42 | +7.7% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The 97814 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 increased by 3.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97814, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 97814 in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 97814, OR
How long does it take to sell a home in 97814, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 33 Days | -44.2% |
Summary: Homes in 97814 had an average of 33 days on market in Mar 2024, down by 44.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97814 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in 97814; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.