$9,203 Closing Credit*
$775,000
2,732 SqFt
5 Beds
•3 Full Baths
Jamie Girvin, Listing Office: Coldwell Banker Bain
Is 97027, 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, 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
$512,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,000(+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 $512,000 in November 2024, up 6.7% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | - | N/A |
| 2 Bedrooms | $395K | $360K | -8.9% |
| 3 Bedrooms | $470K | $483.2K | +2.8% |
| 4 Bedrooms | $560K | $556K | -0.7% |
| 5+ Bedrooms | $650.5K | $582.4K | -10.5% |
Summary: 97027 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 8.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 10.5%.
Housing Supply in 97027, OR
How many homes are available in 97027, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Summary: The 97027 real estate market had 25 homes for sale in November 2024, a 19.4% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 97027 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 decreased by 12.5%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97027, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 97027 in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 17 Days | -76.7% |
Summary: Homes in 97027 had an average of 17 days on market in Nov 2024, down by 76.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97027 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 97027; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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