Is 97080, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97080 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97080 has remained a Seller's Market.

Key Takeaway

97080 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97080, OR

How much do homes in 97080, OR cost?

Median Sold Price

$524,839

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,839(+2.9%)

Key Takeaway

Homes in 97080 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 97080 was $524,839 in October 2024, up 2.9% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $173.7K$176K
+1.3%
2 $350K$319K
-8.9%
3 $480.9K$480K
-0.2%
4 $549.9K$551.2K
0.2%
5+ $562.7K$580.9K
+3.2%

Summary: 97080 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 3.2%.

Median Sold Price Compared To Nearby Zip Codes

97060
+9.9%
97089
+7.7%
97080
+2.9%
97030
+2.4%
97009
0.0%

Housing Supply in 97080, OR

How many homes are available in 97080, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
213180-15.5%

Summary: The 97080 real estate market had 180 homes for sale in October 2024, a 15.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 87
-12.5%
3 10593
-11.4%
4 7558
-22.7%
5+ 2219
-13.6%

Summary: The 97080 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 decreased by 12.5%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 13.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5943-27.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97080, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in 97080 in October 2024, down by 27.1% month-over-month. Of the 43 sold homes, 40% were sold under asking, 37% were sold at asking, and 23% were sold over asking.

Days on Market for 97080, OR

How long does it take to sell a home in 97080, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days54 Days+43.1%

Summary: Homes in 97080 had an average of 54 days on market in Oct 2024, up by 43.1% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97080 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 43 homes were sold in 97080; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% 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

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