Is 97068, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97068 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97068 has remained a Seller's Market.

Key Takeaway

97068 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97068, OR

How much do homes in 97068, OR cost?

Median Sold Price

$780,500

$309/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,500(+0.7%)

Key Takeaway

Homes in 97068 have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in 97068 was $780,500 in October 2024, up 0.7% from last year, and the median price per square foot was $309.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $259.9K$258.2K
-0.7%
2 $380K$385K
+1.3%
3 $649K$652.5K
0.5%
4 $895K$880K
-1.7%
5+ $1.0M$1.1M
+15.0%

Summary: 97068 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Zip Codes

97027
+6.7%
97034
+1.8%
97068
+0.7%
97267
-0.8%
97062
-2.1%

Housing Supply in 97068, OR

How many homes are available in 97068, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165156-5.5%

Summary: The 97068 real estate market had 156 homes for sale in October 2024, a 5.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 53
-40.0%
2 1819
+5.6%
3 5646
-17.9%
4 5853
-8.6%
5+ 2835
+25.0%

Summary: The 97068 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3529-17.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97068, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in 97068 in October 2024, down by 17.1% month-over-month. Of the 29 sold homes, 34% were sold under asking, 17% were sold at asking, and 48% were sold over asking.

Days on Market for 97068, OR

How long does it take to sell a home in 97068, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days44 Days+83.2%

Summary: Homes in 97068 had an average of 44 days on market in Oct 2024, up by 83.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97068 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 29 homes were sold in 97068; 59% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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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