Is 97401, 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, 97401 has remained a Seller's Market.
Key Takeaway
97401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97401, OR
How much do homes in 97401, OR cost?
Median Sold Price
$528,750
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97401 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 97401 was $528,750 in April 2024, up 5.8% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $327.5K | $290K | -11.5% |
| 2 Bedrooms | $380K | $403K | +6.1% |
| 3 Bedrooms | $499.5K | $520.5K | +4.2% |
| 4 Bedrooms | $600K | $645K | +7.5% |
| 5+ Bedrooms | $787.5K | $829.9K | +5.4% |
Summary: 97401 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in 97401, OR
How many homes are available in 97401, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 85 | +1.2% |
Summary: The 97401 real estate market had 85 homes for sale in April 2024, a 1.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 22 | 22 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 97401 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 14.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 20 | -25.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97401, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 97401 in April 2024, down by 25.9% month-over-month. Of the 20 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for 97401, OR
How long does it take to sell a home in 97401, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +33.8% |
Summary: Homes in 97401 had an average of 25 days on market in Apr 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97401 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 20 homes were sold in 97401; 80% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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