$9,203 Closing Credit*
$775,000
2,836 SqFt
Amanda Ashby, Listing Office: Reger Homes, LLC
Is 97045, 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, 97045 has remained a Seller's Market.
Key Takeaway
97045 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97045, OR
How much do homes in 97045, OR cost?
Median Sold Price
$599,666
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,333(+2.6%)
Key Takeaway
Homes in 97045 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 97045 was $599,666 in October 2024, up 2.6% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | - | N/A |
| 2 Bedrooms | $428K | $425K | -0.7% |
| 3 Bedrooms | $538.5K | $565K | +4.9% |
| 4 Bedrooms | $665K | $658.7K | -0.9% |
| 5+ Bedrooms | $760.5K | $741.2K | -2.5% |
Summary: 97045 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 0.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in 97045, OR
How many homes are available in 97045, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 209 | 202 | -3.3% |
Summary: The 97045 real estate market had 202 homes for sale in October 2024, a 3.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 10 | -28.6% |
| 3 Bedrooms | 101 | 92 | -8.9% |
| 4 Bedrooms | 75 | 79 | +5.3% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The 97045 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 decreased by 28.6%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 48 | +29.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97045, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 97045 in October 2024, up by 29.7% month-over-month. Of the 48 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for 97045, OR
How long does it take to sell a home in 97045, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 50 Days | -5.4% |
Summary: Homes in 97045 had an average of 50 days on market in Oct 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97045 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 48 homes were sold in 97045; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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