Is 97838, 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, 97838 has remained a Buyer's Market.
Key Takeaway
97838 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97838, OR
How much do homes in 97838, OR cost?
Median Sold Price
$345,807
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97838 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 97838 was $345,807 in April 2024, down 1.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $235K | $235K | 0.0% |
| 3 Bedrooms | $330K | $341.6K | +3.5% |
| 4 Bedrooms | $400.7K | $394.9K | -1.4% |
| 5+ Bedrooms | $500K | $469K | -6.2% |
Summary: 97838 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 did not change, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Zip Codes
| 97882 | $267K | $282.5K | +5.8% |
| 97838 | $350K | $345.8K | -1.2% |
Housing Supply in 97838, OR
How many homes are available in 97838, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 93 | 100 | +7.5% |
Summary: The 97838 real estate market had 100 homes for sale in April 2024, a 7.5% 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 | 10 | 9 | -10.0% |
| 3 Bedrooms | 49 | 56 | +14.3% |
| 4 Bedrooms | 31 | 31 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 97838 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 decreased by 10%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97838, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 97838 in April 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for 97838, OR
How long does it take to sell a home in 97838, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 84 Days | 69 Days | -18.0% |
Summary: Homes in 97838 had an average of 69 days on market in Apr 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97838 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in 97838; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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.