$224,900
14.80 Acres
Land
Jeff Yarbor, Listing Office: Keller Williams Sunset Corridor
Is 97048, 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, 97048 has remained a Seller's Market.
Key Takeaway
97048 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97048, OR
How much do homes in 97048, OR cost?
Median Sold Price
$480,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$80,500(+20.2%)
Key Takeaway
Homes in 97048 have sold for 20.2% more than they did a year ago.
Summary: The median home sold price in 97048 was $480,000 in October 2024, up 20.2% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $485K | +273.1% |
| 2 Bedrooms | $233K | $247.5K | +6.2% |
| 3 Bedrooms | $395K | $480.5K | +21.6% |
| 4 Bedrooms | $510K | $577.5K | +13.2% |
| 5+ Bedrooms | $462.5K | $382.5K | -17.3% |
Summary: 97048 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 273.1%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 17.3%.
Housing Supply in 97048, OR
How many homes are available in 97048, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Summary: The 97048 real estate market had 20 homes for sale in October 2024, a 20.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 97048 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 23.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97048, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in 97048 in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 97048, OR
How long does it take to sell a home in 97048, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 85 Days | +90.0% |
Summary: Homes in 97048 had an average of 85 days on market in Oct 2024, up by 90% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97048 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 97048; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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