$6,401 Closing Credit*
$539,000
1,926 SqFt
5 Beds
•2 Full Baths
John Leiby, Michelle Leiby, Listing Office: MORE Realty
Is 97038, 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, 97038 has remained a Seller's Market.
Key Takeaway
97038 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97038, OR
How much do homes in 97038, OR cost?
Median Sold Price
$485,250
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,350(+5.5%)
Key Takeaway
Homes in 97038 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 97038 was $485,250 in October 2024, up 5.5% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | $418.7K | +14.7% |
| 3 Bedrooms | $455K | $469K | +3.1% |
| 4 Bedrooms | $482.2K | $512K | +6.2% |
| 5+ Bedrooms | $912.5K | $589.9K | -35.4% |
Summary: 97038 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 increased by 14.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 35.4%.
Median Sold Price Compared To Nearby Zip Codes
| 97038 | $459.9K | $485.2K | +5.5% |
| 97362 | $487K | $479.5K | -1.5% |
| 97017 | $725K | $580K | -20.0% |
Housing Supply in 97038, OR
How many homes are available in 97038, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 45 | -2.2% |
Summary: The 97038 real estate market had 45 homes for sale in October 2024, a 2.2% 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 | 3 | 0.0% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The 97038 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 remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97038, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in 97038 in October 2024, up by 83.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% were sold over asking.
Days on Market for 97038, OR
How long does it take to sell a home in 97038, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 56 Days | +35.5% |
Summary: Homes in 97038 had an average of 56 days on market in Oct 2024, up by 35.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97038 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 97038; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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