$359,000
0.17 Acres
Land
Dirk Knudsen, Listing Office: MORE Realty
Is 97124, 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, 97124 has remained a Seller's Market.
Key Takeaway
97124 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97124, OR
How much do homes in 97124, OR cost?
Median Sold Price
$561,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,410(+2.1%)
Key Takeaway
Homes in 97124 have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in 97124 was $561,000 in November 2024, up 2.1% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305.7K | $310K | +1.4% |
| 2 Bedrooms | $413K | $450K | +9.0% |
| 3 Bedrooms | $520K | $524.5K | +0.9% |
| 4 Bedrooms | $630K | $640K | +1.6% |
| 5+ Bedrooms | $769K | $800K | +4.0% |
Summary: 97124 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 4%.
Housing Supply in 97124, OR
How many homes are available in 97124, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 162 | 145 | -10.5% |
Summary: The 97124 real estate market had 145 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 23 | 21 | -8.7% |
| 3 Bedrooms | 69 | 63 | -8.7% |
| 4 Bedrooms | 54 | 43 | -20.4% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The 97124 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 8.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97124, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in 97124 in November 2024, down by 13.2% month-over-month. Of the 33 sold homes, 42% were sold under asking, 30% were sold at asking, and 27% were sold over asking.
Days on Market for 97124, OR
How long does it take to sell a home in 97124, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 35 Days | +28.1% |
Summary: Homes in 97124 had an average of 35 days on market in Nov 2024, up by 28.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97124 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in 97124; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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