$3,503 Closing Credit*
$295,000
1,086 SqFt
2 Beds
•1 Full Bath
Ward Spears, Courtney Spears, Listing Office: Eleete 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 November 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
$631,052
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,052(+1.0%)
Key Takeaway
Homes in 97070 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 97070 was $631,052 in November 2024, up 1% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258.7K | $317.5K | +22.7% |
| 2 Bedrooms | $414.9K | $430K | +3.6% |
| 3 Bedrooms | $599.9K | $599.9K | 0.0% |
| 4 Bedrooms | $710K | $679.9K | -4.2% |
| 5+ Bedrooms | $908.6K | $880K | -3.2% |
Summary: 97070 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes increased by 3.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 3.2%.
Housing Supply in 97070, OR
How many homes are available in 97070, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 122 | 110 | -9.8% |
Summary: The 97070 real estate market had 110 homes for sale in November 2024, a 9.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 43 | 44 | +2.3% |
| 4 Bedrooms | 41 | 32 | -22.0% |
| 5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The 97070 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97070, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 97070 in November 2024, up by 12.0% month-over-month. Of the 28 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 98 Days | +167.5% |
Summary: Homes in 97070 had an average of 98 days on market in Nov 2024, up by 167.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 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 November 2024, 28 homes were sold in 97070; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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