$10,000 Closing Credit*
$1,400,000
3,407 SqFt
4 Beds
•4 Full Baths
Dustin Miller, Listing Office: Windermere Realty Trust
Is 97089, 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, 97089 was a Seller's Market.
Key Takeaway
97089 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 97089, OR
How much do homes in 97089, OR cost?
Median Sold Price
$700,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+7.7%)
Key Takeaway
Homes in 97089 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 97089 was $700,000 in October 2024, up 7.7% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $435K | $605K | +39.1% |
| 3 Bedrooms | $589.9K | $610K | +3.4% |
| 4 Bedrooms | $750K | $747.5K | -0.3% |
| 5+ Bedrooms | $682K | $765K | +12.2% |
Summary: 97089 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 39.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 12.2%.
Housing Supply in 97089, OR
How many homes are available in 97089, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 65 | 62 | -4.6% |
Summary: The 97089 real estate market had 62 homes for sale in October 2024, a 4.6% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The 97089 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 19%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97089, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 97089 in October 2024, the same as the previous month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for 97089, OR
How long does it take to sell a home in 97089, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 37 Days | +61.8% |
Summary: Homes in 97089 had an average of 37 days on market in Oct 2024, up by 61.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97089 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 97089; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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