Is 97306, 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, 97306 has remained a Seller's Market.
Key Takeaway
97306 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97306, OR
How much do homes in 97306, OR cost?
Median Sold Price
$485,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 97306 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 97306 was $485,000 in May 2024, up 4.3% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $265K | -19.7% |
| 3 Bedrooms | $442.5K | $449K | +1.5% |
| 4 Bedrooms | $560K | $579.9K | +3.6% |
| 5+ Bedrooms | $560K | $663K | +18.4% |
Summary: 97306 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 18.4%.
Housing Supply in 97306, OR
How many homes are available in 97306, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 69 | 64 | -7.2% |
Summary: The 97306 real estate market had 64 homes for sale in May 2024, a 7.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 43 | 38 | -11.6% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 97306 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 increased by 100%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 12 | -45.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97306, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 97306 in May 2024, down by 45.5% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for 97306, OR
How long does it take to sell a home in 97306, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 75 Days | 56 Days | -24.4% |
Summary: Homes in 97306 had an average of 56 days on market in May 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97306 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in 97306; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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