$6,234 Closing Credit*
$525,000
1,296 SqFt
3 Beds
•2 Full Baths
Beth Thompson, Listing Office: Berkshire Hathaway HS NW
Is 97048, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 97048 was a Seller's Market.
Key Takeaway
97048 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97048, OR
How much do homes in 97048, OR cost?
Median Sold Price
$483,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$83,500(+20.9%)
Key Takeaway
Homes in 97048 have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in 97048 was $483,000 in November 2024, up 20.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $485K | +273.1% |
| 2 Bedrooms | $233K | $250K | +7.3% |
| 3 Bedrooms | $395K | $481K | +21.8% |
| 4 Bedrooms | $510K | $530K | +3.9% |
| 5+ Bedrooms | $462.5K | $610K | +31.9% |
Summary: 97048 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 273.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 31.9%.
Housing Supply in 97048, OR
How many homes are available in 97048, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Summary: The 97048 real estate market had 17 homes for sale in November 2024, a 19.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97048 housing inventory by bedroom type for November 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 10%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97048, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 97048 in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 78 Days | 57 Days | -26.9% |
Summary: Homes in 97048 had an average of 57 days on market in Nov 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97048 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 97048; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.