$6,353 Closing Credit*
$535,000
1,948 SqFt
3 Beds
•1 Full Bath
Tom Ogden, Listing Office: TBH Real Estate
Is 97053, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 97053 was a Seller's Market.
Key Takeaway
97053 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97053, OR
How much do homes in 97053, OR cost?
Median Sold Price
$1,300,000
$383/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$582,500(+81.2%)
Key Takeaway
Homes in 97053 have sold for 81.2% more than they did a month ago.
Summary: The median home sold price in 97053 was $1,300,000 in October 2024, up 81.2% from last month, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $710K | $1.3M | +83.1% |
| 4 Bedrooms | $542.5K | - | N/A |
| 5+ Bedrooms | $917K | - | N/A |
Summary: 97053 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 83.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 97053, OR
How many homes are available in 97053, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The 97053 real estate market had 13 homes for sale in October 2024, a 18.8% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 97053 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 remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97053, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 97053 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 97053, OR
How long does it take to sell a home in 97053, OR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 Days | 97 Days | -24.1% |
Summary: Homes in 97053 had an average of 97 days on market in Oct 2024, down by 24.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 97053 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in 97053; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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