Is 97229, 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, 97229 has remained a Seller's Market.
Key Takeaway
97229 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97229, OR
How much do homes in 97229, OR cost?
Median Sold Price
$761,077
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97229 have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in 97229 was $761,077 in April 2024, down 1.5% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.5K | $257.5K | -7.9% |
| 2 Bedrooms | $422.5K | $422.2K | -0.1% |
| 3 Bedrooms | $623K | $625K | 0.3% |
| 4 Bedrooms | $835K | $826.6K | -1.0% |
| 5+ Bedrooms | $1.0M | $1.0M | -2.0% |
Summary: 97229 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 2%.
Housing Supply in 97229, OR
How many homes are available in 97229, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 264 | 304 | +15.2% |
Summary: The 97229 real estate market had 304 homes for sale in April 2024, a 15.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 7 | -22.2% |
| 2 Bedrooms | 46 | 42 | -8.7% |
| 3 Bedrooms | 52 | 69 | +32.7% |
| 4 Bedrooms | 88 | 112 | +27.3% |
| 5+ Bedrooms | 69 | 74 | +7.2% |
Summary: The 97229 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 32.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 7.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 57 | 0.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97229, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in 97229 in April 2024, the same as the previous month. Of the 57 sold homes, 40% were sold under asking, 21% were sold at asking, and 39% were sold over asking.
Days on Market for 97229, OR
How long does it take to sell a home in 97229, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 28 Days | +26.6% |
Summary: Homes in 97229 had an average of 28 days on market in Apr 2024, up by 26.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97229 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 57 homes were sold in 97229; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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