$5,699 Closing Credit*
$479,900
1,784 SqFt
4 Beds
•2 Full Baths
Michael Sines, Listing Office: eXp Realty, LLC
Is 97051, 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, 97051 was a Seller's Market.
Key Takeaway
97051 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97051, OR
How much do homes in 97051, OR cost?
Median Sold Price
$435,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,000(+4.8%)
Key Takeaway
Homes in 97051 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 97051 was $435,000 in November 2024, up 4.8% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.9K | $248K | +12.8% |
| 2 Bedrooms | $286.2K | $318K | +11.1% |
| 3 Bedrooms | $411K | $432.5K | +5.2% |
| 4 Bedrooms | $460K | $469.5K | +2.1% |
| 5+ Bedrooms | $472.5K | $518.5K | +9.7% |
Summary: 97051 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Zip Codes
| 97051 | $415K | $435K | +4.8% |
| 97056 | $490K | $474K | -3.3% |
Housing Supply in 97051, OR
How many homes are available in 97051, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 67 | -16.3% |
Summary: The 97051 real estate market had 67 homes for sale in November 2024, a 16.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 37 | 30 | -18.9% |
| 4 Bedrooms | 27 | 22 | -18.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97051 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 decreased by 9.1%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 8 | -65.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97051, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 97051 in November 2024, down by 65.2% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 48 Days | +39.1% |
Summary: Homes in 97051 had an average of 48 days on market in Nov 2024, up by 39.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97051 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 97051; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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