$8,776 Closing Credit*
$739,000
1,827 SqFt
3 Beds
•2 Full Baths
Julie Gilbert, Listing Office: Copper West Real Estate
Is 97031, 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, 97031 has remained a Seller's Market.
Key Takeaway
97031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97031, OR
How much do homes in 97031, OR cost?
Median Sold Price
$746,562
$411/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,062(+6.0%)
Key Takeaway
Homes in 97031 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 97031 was $746,562 in November 2024, up 6% from last year, and the median price per square foot was $411.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427K | $732.7K | +71.6% |
| 2 Bedrooms | $545K | $625K | +14.7% |
| 3 Bedrooms | $694K | $710K | +2.3% |
| 4 Bedrooms | $807.5K | $925K | +14.6% |
| 5+ Bedrooms | $1.0M | $900K | -10.3% |
Summary: 97031 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.6%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in 97031, OR
How many homes are available in 97031, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 57 | -17.4% |
Summary: The 97031 real estate market had 57 homes for sale in November 2024, a 17.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 38 | 28 | -26.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 97031 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 10 | -47.4% |
Asking Price vs. Sold Price
7 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 97031, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 97031 in November 2024, down by 47.4% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for 97031, OR
How long does it take to sell a home in 97031, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 67 Days | +129.7% |
Summary: Homes in 97031 had an average of 67 days on market in Nov 2024, up by 129.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97031 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 10 homes were sold in 97031; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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