$7,303 Closing Credit*
$614,990
2,162 SqFt
4 Beds
•3 Full Baths
Dana Castro, Listing Office: Richmond American Homes of Oregon
Is 97078, 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, 97078 was a Seller's Market.
Key Takeaway
97078 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 97078, OR
How much do homes in 97078, OR cost?
Median Sold Price
$529,502
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,717(+3.3%)
Key Takeaway
Homes in 97078 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 97078 was $529,502 in October 2024, up 3.3% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $412.3K | $425K | +3.1% |
| 3 Bedrooms | $500K | $518.8K | +3.8% |
| 4 Bedrooms | $572.5K | $597.1K | +4.3% |
| 5+ Bedrooms | $680K | $842.5K | +23.9% |
Summary: 97078 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 23.9%.
Housing Supply in 97078, OR
How many homes are available in 97078, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 134 | +9.8% |
Summary: The 97078 real estate market had 134 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 91 | 95 | +4.4% |
| 4 Bedrooms | 26 | 30 | +15.4% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 97078 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 increased by 60%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 21 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97078, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 97078 in October 2024, down by 22.2% month-over-month. Of the 21 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.
Days on Market for 97078, OR
How long does it take to sell a home in 97078, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 53 Days | +209.0% |
Summary: Homes in 97078 had an average of 53 days on market in Oct 2024, up by 209% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97078 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in 97078; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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