$6,056 Closing Credit*
$510,000
1,926 SqFt
3 Beds
•2 Full Baths
Michael Langdon, Listing Office: Berkshire Hathaway HomeServices NW Real Estate
Is 97055, 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, 97055 was a Seller's Market.
Key Takeaway
97055 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97055, OR
How much do homes in 97055, OR cost?
Median Sold Price
$499,900
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,500(-1.1%)
Key Takeaway
Homes in 97055 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 97055 was $499,900 in November 2024, down 1.1% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.5K | $265.6K | -20.1% |
| 2 Bedrooms | $378.5K | $404.2K | +6.8% |
| 3 Bedrooms | $456K | $462.5K | +1.4% |
| 4 Bedrooms | $568.4K | $553.9K | -2.6% |
| 5+ Bedrooms | $1.0M | $741.9K | -31.0% |
Summary: 97055 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 31%.
Median Sold Price Compared To Nearby Zip Codes
| 97009 | $750K | $757.5K | +1.0% |
| 97055 | $505.4K | $499.9K | -1.1% |
Housing Supply in 97055, OR
How many homes are available in 97055, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 69 | -14.8% |
Summary: The 97055 real estate market had 69 homes for sale in November 2024, a 14.8% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 44 | 35 | -20.5% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The 97055 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 33.3%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 11 | -45.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97055, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 97055 in November 2024, down by 45.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for 97055, OR
How long does it take to sell a home in 97055, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 68 Days | 57 Days | -16.6% |
Summary: Homes in 97055 had an average of 57 days on market in Nov 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97055 has remained consistent over time.
Summary: During November 2024, 11 homes were sold in 97055; 27% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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