Is 97064, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97064 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 97064 was a Seller's Market.

Key Takeaway

97064 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 97064, OR

How much do homes in 97064, OR cost?

Median Sold Price

$402,150

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$29,100(-6.7%)

Key Takeaway

Homes in 97064 have sold for 6.7% less than they did a year ago.

Summary: The median home sold price in 97064 was $402,150 in October 2024, down 6.7% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $95K$245K
+157.9%
2 $271.5K$307K
+13.1%
3 $431.2K$409K
-5.2%
4 $460K$504.5K
+9.7%
5+ $479.9K$515K
+7.3%

Summary: 97064 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 157.9%, 2 bedroom homes increased by 13.1%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 7.3%.

Median Sold Price Compared To Nearby Zip Codes

97048
+20.2%
97064
-6.7%
97016
-8.1%

Housing Supply in 97064, OR

How many homes are available in 97064, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3532-8.6%

Summary: The 97064 real estate market had 32 homes for sale in October 2024, a 8.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 2018
-10.0%
4 86
-25.0%
5+ 33
0.0%

Summary: The 97064 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 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97064, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 97064 in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 97064, OR

How long does it take to sell a home in 97064, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
57 Days166 Days+187.2%

Summary: Homes in 97064 had an average of 166 days on market in Oct 2024, up by 187.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 97064 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 97064; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 4 Days Ago

Newest Listings in 97064, OR

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