$3,764 Closing Credit*
$317,000
948 SqFt
2 Beds
•1 Full Bath
Brett Fischer, Listing Office: Corcoran Prime
Is 97071, 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, 97071 has remained a Seller's Market.
Key Takeaway
97071 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97071, OR
How much do homes in 97071, OR cost?
Median Sold Price
$420,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,325(+3.5%)
Key Takeaway
Homes in 97071 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 97071 was $420,000 in November 2024, up 3.5% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $220K | -4.3% |
| 2 Bedrooms | $302.9K | $320K | +5.6% |
| 3 Bedrooms | $432.5K | $440K | +1.7% |
| 4 Bedrooms | $489K | $483.6K | -1.1% |
| 5+ Bedrooms | $505K | $528.4K | +4.6% |
Summary: 97071 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Zip Codes
| 97362 | $480.6K | $506.4K | +5.3% |
| 97071 | $405.6K | $420K | +3.5% |
| 97002 | $750.3K | $722.5K | -3.7% |
Housing Supply in 97071, OR
How many homes are available in 97071, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 70 | -12.5% |
Summary: The 97071 real estate market had 70 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 33 | 31 | -6.1% |
| 3 Bedrooms | 30 | 21 | -30.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 97071 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 6.1%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 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. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 97071 in November 2024, up by 33.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 40% were sold at asking, and 15% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 45 Days | +23.3% |
Summary: Homes in 97071 had an average of 45 days on market in Nov 2024, up by 23.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 20 homes were sold in 97071; 45% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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