Is 97068, 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, 97068 has remained a Seller's Market.
Key Takeaway
97068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97068, OR
How much do homes in 97068, OR cost?
Median Sold Price
$777,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 97068 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 97068 was $777,000 in May 2024, down 1.3% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $258.2K | -7.8% |
| 2 Bedrooms | $380K | $420K | +10.5% |
| 3 Bedrooms | $670K | $617.5K | -7.8% |
| 4 Bedrooms | $875K | $876K | 0.1% |
| 5+ Bedrooms | $1.0M | $1.0M | +0.7% |
Summary: 97068 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in 97068, OR
How many homes are available in 97068, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 165 | 180 | +9.1% |
Summary: The 97068 real estate market had 180 homes for sale in May 2024, a 9.1% 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 | 25 | 25 | 0.0% |
| 3 Bedrooms | 39 | 47 | +20.5% |
| 4 Bedrooms | 62 | 68 | +9.7% |
| 5+ Bedrooms | 38 | 39 | +2.6% |
Summary: The 97068 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 remained the same, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97068, you may be able to get a good deal. 34.8% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in 97068 in May 2024, up by 15.0% month-over-month. Of the 46 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for 97068, OR
How long does it take to sell a home in 97068, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 20 Days | -7.4% |
Summary: Homes in 97068 had an average of 20 days on market in May 2024, down by 7.4% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97068 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 46 homes were sold in 97068; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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