$6,530 Closing Credit*
$549,900
1,765 SqFt
4 Beds
•2 Full Baths
Jimmy Bacon, Listing Office: eXp Realty, LLC
Is 97007, 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, 97007 has remained a Seller's Market.
Key Takeaway
97007 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97007, OR
How much do homes in 97007, OR cost?
Median Sold Price
$615,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,400(+2.7%)
Key Takeaway
Homes in 97007 have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in 97007 was $615,000 in October 2024, up 2.7% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256K | $275K | +7.4% |
| 2 Bedrooms | $367.5K | $367.5K | 0.0% |
| 3 Bedrooms | $530K | $543.5K | +2.5% |
| 4 Bedrooms | $705K | $714.9K | +1.4% |
| 5+ Bedrooms | $788.3K | $835K | +5.9% |
Summary: 97007 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 5.9%.
Housing Supply in 97007, OR
How many homes are available in 97007, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 294 | 295 | 0.3% |
Summary: The 97007 real estate market had 295 homes for sale in October 2024, a 0.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 34 | 37 | +8.8% |
| 3 Bedrooms | 106 | 102 | -3.8% |
| 4 Bedrooms | 98 | 105 | +7.1% |
| 5+ Bedrooms | 55 | 48 | -12.7% |
Summary: The 97007 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 8.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 12.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 61 | +19.6% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97007, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in 97007 in October 2024, up by 19.6% month-over-month. Of the 61 sold homes, 48% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for 97007, OR
How long does it take to sell a home in 97007, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 61 Days | +64.1% |
Summary: Homes in 97007 had an average of 61 days on market in Oct 2024, up by 64.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97007 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 61 homes were sold in 97007; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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