$3,551 Closing Credit*
$299,000
812 SqFt
2 Beds
•1 Full Bath
Terri Milholm, Listing Office: Equity Oregon Real Estate
Is 97071, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97071 was a Seller's Market.
Key Takeaway
97071 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97071, OR
How much do homes in 97071, OR cost?
Median Sold Price
$425,000
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,350(+5.0%)
Key Takeaway
Homes in 97071 have sold for 5% more than they did a year ago.
Summary: The median home sold price in 97071 was $425,000 in October 2024, up 5% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $213K | -10.3% |
| 2 Bedrooms | $305K | $323.9K | +6.2% |
| 3 Bedrooms | $431.2K | $440.3K | +2.1% |
| 4 Bedrooms | $480.8K | $487.5K | +1.4% |
| 5+ Bedrooms | $505K | $517.1K | +2.4% |
Summary: 97071 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Zip Codes
| 97071 | $404.6K | $425K | +5.0% |
| 97362 | $487K | $479.5K | -1.5% |
Housing Supply in 97071, OR
How many homes are available in 97071, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 78 | +6.8% |
Summary: The 97071 real estate market had 78 homes for sale in October 2024, a 6.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 34 | 34 | 0.0% |
| 3 Bedrooms | 23 | 29 | +26.1% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 97071 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 remained the same, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97071, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 97071 in October 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for 97071, OR
How long does it take to sell a home in 97071, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 42 Days | +24.2% |
Summary: Homes in 97071 had an average of 42 days on market in Oct 2024, up by 24.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97071 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 97071; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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