$5,813 Closing Credit*
$489,500
1,725 SqFt
4 Beds
•2 Full Baths
Sean Robbins, Listing Office: eXp Realty LLC
Is 97062, 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, 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
$636,450
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,500(-2.1%)
Key Takeaway
Homes in 97062 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 97062 was $636,450 in October 2024, down 2.1% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $199.9K | N/A |
| 2 Bedrooms | $316.2K | $320K | +1.2% |
| 3 Bedrooms | $586K | $574K | -2.0% |
| 4 Bedrooms | $762.5K | $675K | -11.5% |
| 5+ Bedrooms | $825K | $857.4K | +3.9% |
Summary: 97062 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 3.9%.
Housing Supply in 97062, OR
How many homes are available in 97062, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 112 | -16.4% |
Summary: The 97062 real estate market had 112 homes for sale in October 2024, a 16.4% 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 | 17 | 19 | +11.8% |
| 3 Bedrooms | 46 | 43 | -6.5% |
| 4 Bedrooms | 52 | 34 | -34.6% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The 97062 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 increased by 11.8%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 34.6%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97062, expect to pay close to the asking price. 36.7% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in 97062 in October 2024, up by 3.4% month-over-month. Of the 30 sold homes, 27% were sold under asking, 37% were sold at asking, and 37% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 71 Days | +124.2% |
Summary: Homes in 97062 had an average of 71 days on market in Oct 2024, up by 124.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97062 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 97062; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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