$5,926 Closing Credit*
$499,000
1,528 SqFt
3 Beds
•1 Full Bath
Cornell Mann, Listing Office: Great Western Real Estate Co
Is 97027, 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, 97027 has remained a Seller's Market.
Key Takeaway
97027 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97027, OR
How much do homes in 97027, OR cost?
Median Sold Price
$515,000
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,500(+6.7%)
Key Takeaway
Homes in 97027 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 97027 was $515,000 in October 2024, up 6.7% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | - | N/A |
| 2 Bedrooms | $378K | $360K | -4.8% |
| 3 Bedrooms | $472.5K | $484.5K | +2.5% |
| 4 Bedrooms | $560K | $550K | -1.8% |
| 5+ Bedrooms | $650.5K | $574.9K | -11.6% |
Summary: 97027 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 11.6%.
Housing Supply in 97027, OR
How many homes are available in 97027, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 34 | -8.1% |
Summary: The 97027 real estate market had 34 homes for sale in October 2024, a 8.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 20 | 16 | -20.0% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The 97027 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 decreased by 66.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97027, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 97027 in October 2024, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for 97027, OR
How long does it take to sell a home in 97027, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 39 Days | +324.6% |
Summary: Homes in 97027 had an average of 39 days on market in Oct 2024, up by 324.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97027 has remained consistent over time.
Summary: During October 2024, 8 homes were sold in 97027; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.