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 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

# BEDSOct 2023Oct 2024CHANGE
1 -$199.9K
N/A
2 $316.2K$320K
+1.2%
3 $586K$574K
-2.0%
4 $762.5K$675K
-11.5%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

97035
+4.9%
97224
+1.8%
97034
+1.8%
97068
+0.7%
97062
-2.1%

Housing Supply in 97062, OR

How many homes are available in 97062, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
134112-16.4%

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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1719
+11.8%
3 4643
-6.5%
4 5234
-34.6%
5+ 1916
-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 2024Oct 2024CHANGE
2930+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
31 Days71 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

Breakdown of Home Sale Times

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.

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

Report Updated 21 Days Ago

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