$10,000 Closing Credit*
$925,000
2,574 SqFt
3 Beds
•2 Full Baths
Robert Christie, Listing Office: Equity Oregon Real Estate
Is 97070, 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, 97070 has remained a Seller's Market.
Key Takeaway
97070 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97070, OR
How much do homes in 97070, OR cost?
Median Sold Price
$630,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+0.8%)
Key Takeaway
Homes in 97070 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 97070 was $630,000 in October 2024, up 0.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258.7K | $310K | +19.8% |
| 2 Bedrooms | $420K | $430K | +2.4% |
| 3 Bedrooms | $592.4K | $608.3K | +2.7% |
| 4 Bedrooms | $710K | $672.4K | -5.3% |
| 5+ Bedrooms | $924K | $879K | -4.9% |
Summary: 97070 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.8%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 97070, OR
How many homes are available in 97070, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 123 | 0.0% |
Summary: The 97070 real estate market had 123 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 26 | 24 | -7.7% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 40 | 43 | +7.5% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The 97070 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97070, you may be able to get a good deal. 64% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 97070 in October 2024, up by 4.2% month-over-month. Of the 25 sold homes, 64% were sold under asking, 16% were sold at asking, and 20% were sold over asking.
Days on Market for 97070, OR
How long does it take to sell a home in 97070, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 61 Days | +74.1% |
Summary: Homes in 97070 had an average of 61 days on market in Oct 2024, up by 74.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97070 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 97070; 40% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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