Is 97882, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 97882 has remained a Seller's Market.
Key Takeaway
97882 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97882, OR
How much do homes in 97882, OR cost?
Median Sold Price
$284,991
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 97882 have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in 97882 was $284,991 in May 2024, up 6.9% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $257K | $247.9K | -3.5% |
| 3 Bedrooms | $263K | $284.7K | +8.3% |
| 4 Bedrooms | $298.2K | $325.4K | +9.1% |
| 5+ Bedrooms | $389.9K | - | N/A |
Summary: 97882 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 97882 | $266.5K | $284.9K | +6.9% |
| 97838 | $350K | $345K | -1.4% |
Housing Supply in 97882, OR
How many homes are available in 97882, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 49 | +2.1% |
Summary: The 97882 real estate market had 49 homes for sale in May 2024, a 2.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 97882 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97882, expect to pay close to the asking price. 58.3% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 97882 in May 2024, up by 71.4% month-over-month. Of the 12 sold homes, 17% were sold under asking, 58% were sold at asking, and 25% were sold over asking.
Days on Market for 97882, OR
How long does it take to sell a home in 97882, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 77 Days | +68.2% |
Summary: Homes in 97882 had an average of 77 days on market in May 2024, up by 68.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97882 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in 97882; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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