Is 97070, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97070 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $258.7K$310K
+19.8%
2 $420K$430K
+2.4%
3 $592.4K$608.3K
+2.7%
4 $710K$672.4K
-5.3%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

97140
+3.2%
97070
+0.8%
97068
+0.7%
97062
-2.1%

Housing Supply in 97070, OR

How many homes are available in 97070, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1231230.0%

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

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 2624
-7.7%
3 3840
+5.3%
4 4043
+7.5%
5+ 1513
-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 2024Oct 2024CHANGE
2425+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
35 Days61 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

Breakdown of Home Sale Times

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.

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 97070, OR

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