$4,501 Closing Credit*
$379,000
1,148 SqFt
3 Beds
•2 Full Baths
Riley Cronin, Listing Office: John L. Scott
Is 97051, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97051 was a Buyer's Market.
Key Takeaway
97051 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97051, OR
How much do homes in 97051, OR cost?
Median Sold Price
$425,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,500(+2.3%)
Key Takeaway
Homes in 97051 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 97051 was $425,000 in October 2024, up 2.3% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | $248K | +12.8% |
| 2 Bedrooms | $280K | $318K | +13.6% |
| 3 Bedrooms | $413.5K | $425K | +2.8% |
| 4 Bedrooms | $462.5K | $465K | 0.5% |
| 5+ Bedrooms | $460K | $518.5K | +12.7% |
Summary: 97051 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Zip Codes
| 97051 | $415.5K | $425K | +2.3% |
| 97056 | $479K | $482.5K | +0.7% |
Housing Supply in 97051, OR
How many homes are available in 97051, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 81 | +9.5% |
Summary: The 97051 real estate market had 81 homes for sale in October 2024, a 9.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 22 | 27 | +22.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97051 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 increased by 5.6%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 23 | +130.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97051, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in 97051 in October 2024, up by 130.0% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for 97051, OR
How long does it take to sell a home in 97051, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 40 Days | +25.1% |
Summary: Homes in 97051 had an average of 40 days on market in Oct 2024, up by 25.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97051 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in 97051; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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