$7,244 Closing Credit*
$610,000
1,956 SqFt
4 Beds
•2 Full Baths
John Varner, Listing Office: John A Varner Realty
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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