$5,818 Closing Credit*
$489,900
1,321 SqFt
3 Beds
•2 Full Baths
Marc Jackson, Listing Office: Cascadia NW Real Estate
Is 97024, 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, 97024 has remained a Seller's Market.
Key Takeaway
97024 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97024, OR
How much do homes in 97024, OR cost?
Median Sold Price
$450,000
$281/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 97024 has remained the same since last year.
Summary: The median home sold price in 97024 was $450,000 in November 2024, the same as last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $334K | $331.1K | -0.9% |
| 3 Bedrooms | $450K | $450K | 0.0% |
| 4 Bedrooms | $557.5K | $619K | +11.0% |
| 5+ Bedrooms | $605K | $435K | -28.1% |
Summary: 97024 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 28.1%.
Housing Supply in 97024, OR
How many homes are available in 97024, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The 97024 real estate market had 31 homes for sale in November 2024, a 6.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 97024 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 remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97024, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 97024 in November 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 63% were sold at asking, and 0% were sold over asking.
Days on Market for 97024, OR
How long does it take to sell a home in 97024, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 46 Days | +80.7% |
Summary: Homes in 97024 had an average of 46 days on market in Nov 2024, up by 80.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97024 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 97024; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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