Is 97070, 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, 97070 has remained a Seller's Market.
Key Takeaway
97070 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97070, OR
How much do homes in 97070, OR cost?
Median Sold Price
$630,331
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 97070 have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in 97070 was $630,331 in May 2024, down 0.5% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $300K | +30.4% |
| 2 Bedrooms | $427.5K | $420K | -1.8% |
| 3 Bedrooms | $580K | $592.5K | +2.2% |
| 4 Bedrooms | $710K | $714.9K | +0.7% |
| 5+ Bedrooms | $1.0M | $875K | -18.6% |
Summary: 97070 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 18.6%.
Housing Supply in 97070, OR
How many homes are available in 97070, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 139 | 133 | -4.3% |
Summary: The 97070 real estate market had 133 homes for sale in May 2024, a 4.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 24 | 23 | -4.2% |
| 3 Bedrooms | 43 | 45 | +4.7% |
| 4 Bedrooms | 52 | 46 | -11.5% |
| 5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The 97070 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 4.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 25 | -44.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97070, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 97070 in May 2024, down by 44.4% month-over-month. Of the 25 sold homes, 40% were sold under asking, 36% were sold at asking, and 24% were sold over asking.
Days on Market for 97070, OR
How long does it take to sell a home in 97070, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 32 Days | +21.9% |
Summary: Homes in 97070 had an average of 32 days on market in May 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97070 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in 97070; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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