$4,453 Closing Credit*
$375,000
1,010 SqFt
2 Beds
•2 Full Baths
Jacob Torres, Listing Office: RE/MAX HomeSource
Is 97112, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 97112 was a Buyer's Market.
Key Takeaway
97112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97112, OR
How much do homes in 97112, OR cost?
Median Sold Price
$410,749
$248/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$494,250(-54.6%)
Key Takeaway
Homes in 97112 have sold for 54.6% less than they did a month ago.
Summary: The median home sold price in 97112 was $410,749 in October 2024, down 54.6% from last month, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $409K | N/A |
| 3 Bedrooms | - | $412.4K | N/A |
| 4 Bedrooms | $905K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 97112 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 97135 | $932K | $700K | -24.9% |
| 97112 | $905K | $410.7K | -54.6% |
Housing Supply in 97112, OR
How many homes are available in 97112, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The 97112 real estate market had 23 homes for sale in October 2024, a 4.5% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 97112 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 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97112, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 97112 in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 97112, OR
How long does it take to sell a home in 97112, OR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 85 Days | +608.3% |
Summary: Homes in 97112 had an average of 85 days on market in Oct 2024, up by 608.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97112 has remained consistent over time.
Summary: During October 2024, 4 homes were sold in 97112; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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