$5,569 Closing Credit*
$469,000
1,386 SqFt
3 Beds
•1 Full Bath
Kyle Bach, 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 October 2023
Since last year, 97005 has remained a Seller's 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
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+10.6%)
Key Takeaway
Homes in 97005 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 97005 was $520,000 in October 2024, up 10.6% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.4K | $236.5K | -13.2% |
| 2 Bedrooms | $360K | $345K | -4.2% |
| 3 Bedrooms | $525K | $537.1K | +2.3% |
| 4 Bedrooms | $656.5K | $599.9K | -8.6% |
| 5+ Bedrooms | $668.2K | $829.2K | +24.1% |
Summary: 97005 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.2%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 24.1%.
Housing Supply in 97005, OR
How many homes are available in 97005, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 62 | -12.7% |
Summary: The 97005 real estate market had 62 homes for sale in October 2024, a 12.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 24 | 20 | -16.7% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97005 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 11 | -47.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97005, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 97005 in October 2024, down by 47.6% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 31 Days | +18.9% |
Summary: Homes in 97005 had an average of 31 days on market in Oct 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97005 has remained consistent over time.
Summary: During October 2024, 11 homes were sold in 97005; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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