Is 97030, 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, 97030 has remained a Seller's Market.
Key Takeaway
97030 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97030, OR
How much do homes in 97030, OR cost?
Median Sold Price
$420,461
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 97030 have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in 97030 was $420,461 in May 2024, down 3.6% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $255K | $260K | +2.0% |
| 3 Bedrooms | $435K | $425.5K | -2.2% |
| 4 Bedrooms | $482.5K | $480K | -0.5% |
| 5+ Bedrooms | $555K | $542.5K | -2.3% |
Summary: 97030 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 increased by 2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in 97030, OR
How many homes are available in 97030, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 93 | +14.8% |
Summary: The 97030 real estate market had 93 homes for sale in May 2024, a 14.8% 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 | 16 | 15 | -6.3% |
| 3 Bedrooms | 42 | 52 | +23.8% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 97030 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 decreased by 6.3%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97030, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 97030 in May 2024, up by 18.8% month-over-month. Of the 19 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% were sold over asking.
Days on Market for 97030, OR
How long does it take to sell a home in 97030, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 49 Days | +189.7% |
Summary: Homes in 97030 had an average of 49 days on market in May 2024, up by 189.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97030 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in 97030; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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