$3,194 Closing Credit*
$269,000
793 SqFt
1 Bed
•1 Full Bath
Zhaohong Wang, Listing Office: Kozy Real Estate Group
Is 97006, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97006 was a Seller's Market.
Key Takeaway
97006 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97006, OR
How much do homes in 97006, OR cost?
Median Sold Price
$528,333
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,324(+5.9%)
Key Takeaway
Homes in 97006 have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in 97006 was $528,333 in October 2024, up 5.9% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262K | $260K | -0.8% |
| 2 Bedrooms | $349.5K | $342.4K | -2.0% |
| 3 Bedrooms | $505K | $525K | +4.0% |
| 4 Bedrooms | $690K | $693.5K | 0.5% |
| 5+ Bedrooms | $840K | $838.2K | -0.2% |
Summary: 97006 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 0.2%.
Housing Supply in 97006, OR
How many homes are available in 97006, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 113 | -3.4% |
Summary: The 97006 real estate market had 113 homes for sale in October 2024, a 3.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 34 | 40 | +17.6% |
| 3 Bedrooms | 48 | 46 | -4.2% |
| 4 Bedrooms | 27 | 18 | -33.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 97006 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 18 | -45.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97006, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 97006 in October 2024, down by 45.5% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for 97006, OR
How long does it take to sell a home in 97006, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 30 Days | +35.7% |
Summary: Homes in 97006 had an average of 30 days on market in Oct 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97006 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 97006; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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