$10,000 Closing Credit*
$2,325,000
3,605 SqFt
4 Beds
•3 Full Baths
Paul Wells, Listing Office: Renaissance Development Corp.
Is 97034, 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, 97034 has remained a Seller's Market.
Key Takeaway
97034 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97034, OR
How much do homes in 97034, OR cost?
Median Sold Price
$1,244,274
$433/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,274(+1.8%)
Key Takeaway
Homes in 97034 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 97034 was $1,244,274 in October 2024, up 1.8% from last year, and the median price per square foot was $433.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $333.1K | $352.5K | +5.8% |
| 2 Bedrooms | $775K | $395K | -49.0% |
| 3 Bedrooms | $900K | $950K | +5.6% |
| 4 Bedrooms | $1.4M | $1.4M | 0.0% |
| 5+ Bedrooms | $2.0M | $2.0M | +3.8% |
Summary: 97034 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes decreased by 49%, 3 bedroom homes increased by 5.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 97034, OR
How many homes are available in 97034, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 161 | 0.0% |
Summary: The 97034 real estate market had 161 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 | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 44 | 40 | -9.1% |
| 4 Bedrooms | 64 | 71 | +10.9% |
| 5+ Bedrooms | 42 | 36 | -14.3% |
Summary: The 97034 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 30 | +11.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97034, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 97034 in October 2024, up by 11.1% month-over-month. Of the 30 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for 97034, OR
How long does it take to sell a home in 97034, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 51 Days | -16.6% |
Summary: Homes in 97034 had an average of 51 days on market in Oct 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97034 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 97034; 43% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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