Is 97862, 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, 97862 has remained a Seller's Market.
Key Takeaway
97862 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97862, OR
How much do homes in 97862, OR cost?
Median Sold Price
$310,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97862 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 97862 was $310,000 in April 2024, up 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 | $189K | $127.5K | -32.5% |
| 2 Bedrooms | $246.7K | $235K | -4.8% |
| 3 Bedrooms | $341.9K | $315K | -7.9% |
| 4 Bedrooms | $364.9K | $378K | +3.6% |
| 5+ Bedrooms | $389.5K | $325K | -16.6% |
Summary: 97862 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.5%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Zip Codes
| 97862 | $304K | $310K | +2.0% |
| 99362 | $430.3K | $425K | -1.2% |
Housing Supply in 97862, OR
How many homes are available in 97862, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 35 | -10.3% |
Summary: The 97862 real estate market had 35 homes for sale in April 2024, a 10.3% decrease 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 24 | 18 | -25.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 97862 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 increased by 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97862, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in 97862 in April 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 97862, OR
How long does it take to sell a home in 97862, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 140 Days | +106.0% |
Summary: Homes in 97862 had an average of 140 days on market in Apr 2024, up by 106% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97862 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 10 homes were sold in 97862; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.