Is 97004, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97004 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 97004 was a Buyer's Market.

Key Takeaway

97004 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97004, OR

How much do homes in 97004, OR cost?

Median Sold Price

$1,187,250

$387/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$233,750(+24.5%)

Key Takeaway

Homes in 97004 have sold for 24.5% more than they did a month ago.

Summary: The median home sold price in 97004 was $1,187,250 in November 2024, up 24.5% from last month, and the median price per square foot was $387.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$849.2K
N/A
4 $953.5K$1.3M
+41.0%
5+ -$1.4M
N/A

Summary: 97004 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 41%, and 5+ bedroom homes did not change.

Housing Supply in 97004, OR

How many homes are available in 97004, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1917-10.5%

Summary: The 97004 real estate market had 17 homes for sale in November 2024, a 10.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 99
0.0%
4 64
-33.3%
5+ 33
0.0%

Summary: The 97004 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97004, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 97004 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 97004, OR

How long does it take to sell a home in 97004, OR?

Average Sale Time

Oct 2024Nov 2024CHANGE
63 Days42 Days-33.5%

Summary: Homes in 97004 had an average of 42 days on market in Nov 2024, down by 33.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97004 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 97004; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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