Is 97030, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97030 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97030 has remained a Seller's Market.

Key Takeaway

97030 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97030, OR

How much do homes in 97030, OR cost?

Median Sold Price

$435,000

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+2.4%)

Key Takeaway

Homes in 97030 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 97030 was $435,000 in October 2024, up 2.4% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $215K$242.5K
+12.8%
2 $285K$255K
-10.5%
3 $425K$430K
+1.2%
4 $485K$485K
0.0%
5+ $547K$570K
+4.2%

Summary: 97030 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Zip Codes

97060
+9.9%
97233
+3.9%
97080
+2.9%
97030
+2.4%
97024
-0.2%

Housing Supply in 97030, OR

How many homes are available in 97030, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112109-2.7%

Summary: The 97030 real estate market had 109 homes for sale in October 2024, a 2.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2328
+21.7%
3 6459
-7.8%
4 1714
-17.6%
5+ 76
-14.3%

Summary: The 97030 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.7%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26260.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97030, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 97030 in October 2024, the same as the previous month. Of the 26 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.

Days on Market for 97030, OR

How long does it take to sell a home in 97030, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days43 Days-10.4%

Summary: Homes in 97030 had an average of 43 days on market in Oct 2024, down by 10.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97030 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 97030; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% 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 5 Days Ago

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