Is 97062, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97062 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 97062 has remained a Seller's Market.

Key Takeaway

97062 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97062, OR

How much do homes in 97062, OR cost?

Median Sold Price

$635,450

$294/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,550(-0.7%)

Key Takeaway

Homes in 97062 have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in 97062 was $635,450 in November 2024, down 0.7% from last year, and the median price per square foot was $294.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$199.9K
N/A
2 $322.5K$315K
-2.3%
3 $584K$575K
-1.5%
4 $752K$670K
-10.9%
5+ $923K$853K
-7.6%

Summary: 97062 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 7.6%.

Median Sold Price Compared To Nearby Zip Codes

97035
+7.1%
97224
+1.5%
97068
+0.7%
97034
0.2%
97062
-0.7%

Housing Supply in 97062, OR

How many homes are available in 97062, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
12085-29.2%

Summary: The 97062 real estate market had 85 homes for sale in November 2024, a 29.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1815
-16.7%
3 4725
-46.8%
4 3631
-13.9%
5+ 1914
-26.3%

Summary: The 97062 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 16.7%, 3 bedroom homes decreased by 46.8%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes decreased by 26.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3918-53.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97062, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 97062 in November 2024, down by 53.8% month-over-month. Of the 18 sold homes, 61% were sold under asking, 39% were sold at asking, and 0% were sold over asking.

Days on Market for 97062, OR

How long does it take to sell a home in 97062, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days60 Days+127.4%

Summary: Homes in 97062 had an average of 60 days on market in Nov 2024, up by 127.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 97062 has remained consistent over time.

Summary: During November 2024, 18 homes were sold in 97062; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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