97148 Zip Code Real Estate Market Extends Expansion in Price Cuts

Sales in the 97148 zip code market fell to one home sold over the last 30 days, while the number of sellers reducing their list prices reached six, which continues a solid upward trend in price reductions. Even as the number of sellers reducing price trended higher, months of inventory continued to climb, trending upwards for eight weeks to reach 22 months. With decreasing sales and the availability of so much inventory, the 97148 zip code is a definite buyer's market.

For a potentially great deal, make sure you look at these listings that had large price cuts in the 97148 zip code:

$1.3M   $2.4M   $598K  

Get started right now by checking out 97148 homes for sale or reviewing 97148 real estate trends.

Demographic facts about the 97148 zip code:

  • This area has a median house value of $224,100.
  • The area gets 168 rainy days a year. (U.S. average: 100)
  • The unemployment rate is 8.2%.
  • The students per teacher ratio in this area is 20.9:1. (15.3:1 = national average)

Data reported through 10/13/2016

Comments:

Ask a local expert about this area:
Keller Williams Realty Professionals
Snapped 5 homes in this area

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