$5,344 Closing Credit*
$450,000
1,932 SqFt
4 Beds
•3 Full Baths
Joanne Sterling, Listing Office: RE/MAX Equity Group
Is 97005, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 97005 was a Neutral Market.
Key Takeaway
97005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97005, OR
How much do homes in 97005, OR cost?
Median Sold Price
$520,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+13.0%)
Key Takeaway
Homes in 97005 have sold for 13% more than they did a year ago.
Summary: The median home sold price in 97005 was $520,000 in November 2024, up 13% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278.2K | $225K | -19.1% |
| 2 Bedrooms | $360K | $350K | -2.8% |
| 3 Bedrooms | $519K | $537.1K | +3.5% |
| 4 Bedrooms | $646.7K | $603.5K | -6.7% |
| 5+ Bedrooms | $692K | $829.2K | +19.8% |
Summary: 97005 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 19.8%.
Housing Supply in 97005, OR
How many homes are available in 97005, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 55 | -3.5% |
Summary: The 97005 real estate market had 55 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 21 | 18 | -14.3% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 97005 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97005, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 97005 in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 97005, OR
How long does it take to sell a home in 97005, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 44 Days | -5.4% |
Summary: Homes in 97005 had an average of 44 days on market in Nov 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97005 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in 97005; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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