$8,609 Closing Credit*
$724,990
2,654 SqFt
4 Beds
•2 Full Baths
Tricia Epping, Flora Amir-Alikhani, Listing Office: TNHC Oregon Realty LLC
Is 97008, 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, 97008 has remained a Seller's Market.
Key Takeaway
97008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97008, OR
How much do homes in 97008, OR cost?
Median Sold Price
$585,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,050(+1.7%)
Key Takeaway
Homes in 97008 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 97008 was $585,000 in October 2024, up 1.7% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.5K | $242.5K | -1.6% |
| 2 Bedrooms | $319.5K | $322.5K | +0.9% |
| 3 Bedrooms | $550K | $550K | 0.0% |
| 4 Bedrooms | $650K | $651.4K | 0.2% |
| 5+ Bedrooms | $673.5K | $659K | -2.2% |
Summary: 97008 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 2.2%.
Housing Supply in 97008, OR
How many homes are available in 97008, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 85 | +1.2% |
Summary: The 97008 real estate market had 85 homes for sale in October 2024, a 1.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 33 | 32 | -3.0% |
| 4 Bedrooms | 29 | 30 | +3.4% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The 97008 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 21.4%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 34 | +112.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97008, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in 97008 in October 2024, up by 112.5% month-over-month. Of the 34 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.
Days on Market for 97008, OR
How long does it take to sell a home in 97008, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 30 Days | +29.0% |
Summary: Homes in 97008 had an average of 30 days on market in Oct 2024, up by 29% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97008 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in 97008; 62% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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