Is 97008, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97008 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97008 has remained a Seller's Market.

Key Takeaway

97008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97008, OR

How much do homes in 97008, OR cost?

Median Sold Price

$585,000

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,050(+1.7%)

Key Takeaway

Homes in 97008 have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in 97008 was $585,000 in October 2024, up 1.7% from last year, and the median price per square foot was $308.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $246.5K$242.5K
-1.6%
2 $319.5K$322.5K
+0.9%
3 $550K$550K
0.0%
4 $650K$651.4K
0.2%
5+ $673.5K$659K
-2.2%

Summary: 97008 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 2.2%.

Median Sold Price Compared To Nearby Zip Codes

97005
+10.6%
97008
+1.7%
97223
+1.7%

Housing Supply in 97008, OR

How many homes are available in 97008, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8485+1.2%

Summary: The 97008 real estate market had 85 homes for sale in October 2024, a 1.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1417
+21.4%
3 3332
-3.0%
4 2930
+3.4%
5+ 75
-28.6%

Summary: The 97008 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1634+112.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97008, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 97008 in October 2024, up by 112.5% month-over-month. Of the 34 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.

Days on Market for 97008, OR

How long does it take to sell a home in 97008, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days30 Days+29.0%

Summary: Homes in 97008 had an average of 30 days on market in Oct 2024, up by 29% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97008 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 97008; 62% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 97008, OR

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