Is 97403, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97403 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 97403 was a Seller's Market.

Key Takeaway

97403 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 97403, OR

How much do homes in 97403, OR cost?

Median Sold Price

$634,960

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$55,965(-8.1%)

Key Takeaway

Homes in 97403 have sold for 8.1% less than they did a year ago.

Summary: The median home sold price in 97403 was $634,960 in October 2024, down 8.1% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $221.6K-
N/A
2 $455K$423K
-7.0%
3 $633.5K$600.8K
-5.2%
4 $764.5K$704K
-7.9%
5+ $690.9K$765K
+10.7%

Summary: 97403 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

97401
+5.5%
97477
+2.6%
97405
-2.9%
97403
-8.1%

Housing Supply in 97403, OR

How many homes are available in 97403, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4841-14.6%

Summary: The 97403 real estate market had 41 homes for sale in October 2024, a 14.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 2114
-33.3%
4 1919
0.0%
5+ 34
+33.3%

Summary: The 97403 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 20%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97403, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 97403 in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 97403, OR

How long does it take to sell a home in 97403, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days31 Days+89.1%

Summary: Homes in 97403 had an average of 31 days on market in Oct 2024, up by 89.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 97403 has remained consistent over time.

Summary: During October 2024, 6 homes were sold in 97403; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 97403, OR

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