Is 97233, 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, 97233 has remained a Seller's Market.
Key Takeaway
97233 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97233, OR
How much do homes in 97233, OR cost?
Median Sold Price
$393,999
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97233 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 97233 was $393,999 in April 2024, down 1.2% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $209.7K | -4.7% |
| 2 Bedrooms | $249.5K | $299K | +19.8% |
| 3 Bedrooms | $398.5K | $388.3K | -2.6% |
| 4 Bedrooms | $450K | $440K | -2.2% |
| 5+ Bedrooms | $571K | $525.3K | -8.0% |
Summary: 97233 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 19.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 8%.
Housing Supply in 97233, OR
How many homes are available in 97233, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 71 | +16.4% |
Summary: The 97233 real estate market had 71 homes for sale in April 2024, a 16.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 30 | 35 | +16.7% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 97233 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97233, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 97233 in April 2024, up by 46.2% month-over-month. Of the 19 sold homes, 16% were sold under asking, 32% were sold at asking, and 53% were sold over asking.
Days on Market for 97233, OR
How long does it take to sell a home in 97233, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 20 Days | -58.1% |
Summary: Homes in 97233 had an average of 20 days on market in Apr 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97233 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 19 homes were sold in 97233; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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