Is 97202, 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, 97202 has remained a Seller's Market.
Housing Prices in 97202, OR
How much do homes in 97202, OR cost?
Median Sold Price
$625,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 97202 was $625,000 in April 2024, down 6.2% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $403K | $350K | -13.2% |
2 Bedrooms | $515K | $473.8K | -8.0% |
3 Bedrooms | $671.6K | $667K | -0.7% |
4 Bedrooms | $832.5K | $747.5K | -10.2% |
5+ Bedrooms | $923.7K | $1.0M | +8.3% |
Summary: 97202 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 8.3%.
Housing Supply in 97202, OR
How many homes are available in 97202, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
127 | 152 | +19.7% |
Summary: The 97202 real estate market had 152 homes for sale in April 2024, a 19.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 40 | 46 | +15.0% |
3 Bedrooms | 45 | 57 | +26.7% |
4 Bedrooms | 24 | 35 | +45.8% |
5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The 97202 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 31 | -6.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 97202 in April 2024, down by 6.1% month-over-month. Of the 31 sold homes, 39% were sold under asking, 10% were sold at asking, and 52% were sold over asking.
Days on Market for 97202, OR
How long does it take to sell a home in 97202, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +17.0% |
Summary: Homes in 97202 had an average of 25 days on market in Apr 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in 97202; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.