$8,301 Closing Credit*
$699,000
1,475 SqFt
3 Beds
•2 Full Baths
Carol Annala, Listing Office: Don Nunamaker
Is 97031, 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, 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
$780,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$68,000(+9.6%)
Key Takeaway
Homes in 97031 have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in 97031 was $780,000 in October 2024, up 9.6% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427K | $748K | +75.2% |
| 2 Bedrooms | $540K | $640K | +18.5% |
| 3 Bedrooms | $722.5K | $720.5K | -0.3% |
| 4 Bedrooms | $760K | $871.3K | +14.6% |
| 5+ Bedrooms | $1.0M | $859.5K | -16.3% |
Summary: 97031 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.2%, 2 bedroom homes increased by 18.5%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 16.3%.
Median Sold Price Compared To Nearby Zip Codes
| 97031 | $712K | $780K | +9.6% |
| 97014 | $380K | $405K | +6.6% |
Housing Supply in 97031, OR
How many homes are available in 97031, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 76 | 0.0% |
Summary: The 97031 real estate market had 76 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 41 | 40 | -2.4% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 97031 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 19 | +171.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97031, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 97031 in October 2024, up by 171.4% month-over-month. Of the 19 sold homes, 84% were sold under asking, 5% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 56 Days | +74.0% |
Summary: Homes in 97031 had an average of 56 days on market in Oct 2024, up by 74% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97031 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 97031; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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