$5,047 Closing Credit*
$425,000
1,376 SqFt
3 Beds
•2 Full Baths
Jamie Hinkel, Listing Office: The Broker Network, LLC
Is 97055, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97055 has remained a Seller's Market.
Key Takeaway
97055 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97055, OR
How much do homes in 97055, OR cost?
Median Sold Price
$499,900
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$100(0%)
Key Takeaway
The sold price of homes in 97055 has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.5K | $265.6K | -20.1% |
| 2 Bedrooms | $378.5K | $402.7K | +6.4% |
| 3 Bedrooms | $452K | $462.6K | +2.4% |
| 4 Bedrooms | $567.9K | $550K | -3.2% |
| 5+ Bedrooms | $1.0M | $741.9K | -29.3% |
Summary: 97055 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 29.3%.
Median Sold Price Compared To Nearby Zip Codes
| 97055 | $500K | $499.9K | 0% |
| 97009 | $750K | $750K | 0.0% |
Housing Supply in 97055, OR
How many homes are available in 97055, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 86 | 81 | -5.8% |
Summary: The 97055 real estate market had 81 homes for sale in October 2024, a 5.8% 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 | 4 | 2 | -50.0% |
| 3 Bedrooms | 47 | 45 | -4.3% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The 97055 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 decreased by 50%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97055, you could pay more than the asking price. 42.1% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in 97055 in October 2024, up by 18.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 32% were sold at asking, and 42% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 38 Days | -27.2% |
Summary: Homes in 97055 had an average of 38 days on market in Oct 2024, down by 27.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97055 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in 97055; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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