$7,480 Closing Credit*
$629,900
1,825 SqFt
4 Beds
•2 Full Baths
Ludmila Koulakova, Listing Office: World Wide Realty Inc
Is 97007, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$608,532
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,373(+1.6%)
Key Takeaway
Homes in 97007 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 97007 was $608,532 in November 2024, up 1.6% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $257K | $275K | +7.0% |
| 2 Bedrooms | $366K | $370K | +1.1% |
| 3 Bedrooms | $532.7K | $540K | +1.4% |
| 4 Bedrooms | $701.2K | $710K | +1.3% |
| 5+ Bedrooms | $799K | $835K | +4.5% |
Summary: 97007 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in 97007, OR
How many homes are available in 97007, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 287 | 256 | -10.8% |
Summary: The 97007 real estate market had 256 homes for sale in November 2024, a 10.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 35 | 24 | -31.4% |
| 3 Bedrooms | 100 | 85 | -15.0% |
| 4 Bedrooms | 101 | 98 | -3.0% |
| 5+ Bedrooms | 48 | 46 | -4.2% |
Summary: The 97007 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 decreased by 31.4%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 46 | -28.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97007, expect to pay close to the asking price. 41.3% of homes here sold near the asking price last month.
Summary: A total of 46 homes were sold or pending in 97007 in November 2024, down by 28.1% month-over-month. Of the 46 sold homes, 30% were sold under asking, 41% were sold at asking, and 28% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 67 Days | +59.1% |
Summary: Homes in 97007 had an average of 67 days on market in Nov 2024, up by 59.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97007 has remained consistent over time.
Summary: During November 2024, 46 homes were sold in 97007; 35% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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