Is 97850, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 97850 was a Buyer's Market.
Key Takeaway
97850 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97850, OR
How much do homes in 97850, OR cost?
Median Sold Price
$305,500
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 97850 has remained the same since last year.
Summary: The median home sold price in 97850 was $305,500 in April 2024, up 0.2% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254.9K | $167K | -34.5% |
| 2 Bedrooms | $215K | $243K | +13.0% |
| 3 Bedrooms | $310K | $319.5K | +3.1% |
| 4 Bedrooms | $387.5K | $360K | -7.1% |
| 5+ Bedrooms | $385K | $348K | -9.6% |
Summary: 97850 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.5%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in 97850, OR
How many homes are available in 97850, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 60 | +11.1% |
Summary: The 97850 real estate market had 60 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The 97850 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 15 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97850, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 97850 in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for 97850, OR
How long does it take to sell a home in 97850, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 50 Days | +231.4% |
Summary: Homes in 97850 had an average of 50 days on market in Apr 2024, up by 231.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97850 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in 97850; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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