Is 97211, 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, 97211 has remained a Seller's Market.
Key Takeaway
97211 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97211, OR
How much do homes in 97211, OR cost?
Median Sold Price
$590,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 97211 has remained the same since last year.
Summary: The median home sold price in 97211 was $590,000 in April 2024, down 0.4% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $282.5K | -7.4% |
| 2 Bedrooms | $472.5K | $480K | +1.6% |
| 3 Bedrooms | $595.5K | $590K | -0.9% |
| 4 Bedrooms | $716.5K | $743.3K | +3.7% |
| 5+ Bedrooms | $855K | $810K | -5.3% |
Summary: 97211 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 5.3%.
Housing Supply in 97211, OR
How many homes are available in 97211, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 117 | 123 | +5.1% |
Summary: The 97211 real estate market had 123 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 32 | 36 | +12.5% |
| 3 Bedrooms | 47 | 47 | 0.0% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The 97211 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 38 | +15.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97211, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in 97211 in April 2024, up by 15.2% month-over-month. Of the 38 sold homes, 34% were sold under asking, 16% were sold at asking, and 50% were sold over asking.
Days on Market for 97211, OR
How long does it take to sell a home in 97211, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 29 Days | -25.8% |
Summary: Homes in 97211 had an average of 29 days on market in Apr 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97211 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 38 homes were sold in 97211; 71% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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