The 97048 housing market is somewhat competitive. The median sale price of a home in 97048 was $440K last month, down 10.8% since last year. The median sale price per square foot in 97048 is $275, up 4.8% since last year.
In May 2025, 97048 home prices were down 10.8% compared to last year, selling for a median price of $440K. On average, homes in 97048 sell after 44 days on the market compared to 72 days last year. There were 12 homes sold in May this year, up from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$439,500
-10.8% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
97048, OR
$439,500
-10.8%
United States
To compare other locations to the 97048 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Oregon add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 97048 housing market?
97048 is somewhat competitive. Homes sell in 55 days.
0
100
56
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 55 days.
Hot homes
can sell for about 1% above list price and go pending in around 21 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 97048 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 97048.
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
97048 has a moderate risk of flooding. 319 properties in 97048 are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in 97048. Flood risk is increasing slower than the national average.
84% of properties are at risk of wildfire over the next 30 years
Fire Factor
97048 has a moderate risk of wildfire. There are 3,751 properties in 97048 that have some risk of being affected by wildfire over the next 30 years. This represents 84% of all properties in 97048.