Is 97140, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97140 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97140 has remained a Seller's Market.

Key Takeaway

97140 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97140, OR

How much do homes in 97140, OR cost?

Median Sold Price

$674,577

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,752(+3.2%)

Key Takeaway

Homes in 97140 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 97140 was $674,577 in October 2024, up 3.2% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275.2K$260K
-5.5%
2 $385K$339K
-11.9%
3 $550K$564K
+2.5%
4 $755K$714.9K
-5.3%
5+ $948K$818.4K
-13.7%

Summary: 97140 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 13.7%.

Median Sold Price Compared To Nearby Zip Codes

97140
+3.2%
97007
+2.7%
97224
+1.8%
97070
+0.8%
97062
-2.1%

Housing Supply in 97140, OR

How many homes are available in 97140, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
166165-0.6%

Summary: The 97140 real estate market had 165 homes for sale in October 2024, a 0.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 910
+11.1%
3 5149
-3.9%
4 6968
-1.4%
5+ 3434
0.0%

Summary: The 97140 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3332-3.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97140, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 97140 in October 2024, down by 3.0% month-over-month. Of the 32 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.

Days on Market for 97140, OR

How long does it take to sell a home in 97140, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days58 Days+68.0%

Summary: Homes in 97140 had an average of 58 days on market in Oct 2024, up by 68% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97140 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 97140; 53% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 22% 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 97140, OR

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