$6,709 Closing Credit*
$565,000
2,012 SqFt
4 Beds
•2 Full Baths
Russell Homewood, Listing Office: Premiere Property Group, LLC
Is 97124, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$565,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,580(+3.6%)
Key Takeaway
Homes in 97124 have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in 97124 was $565,000 in October 2024, up 3.6% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.5K | $310K | +1.8% |
| 2 Bedrooms | $405K | $450K | +11.1% |
| 3 Bedrooms | $520K | $525K | +1.0% |
| 4 Bedrooms | $629.4K | $642.9K | +2.1% |
| 5+ Bedrooms | $769.5K | $812.5K | +5.6% |
Summary: 97124 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in 97124, OR
How many homes are available in 97124, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 180 | 173 | -3.9% |
Summary: The 97124 real estate market had 173 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 26 | 24 | -7.7% |
| 3 Bedrooms | 73 | 74 | +1.4% |
| 4 Bedrooms | 61 | 56 | -8.2% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The 97124 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 decreased by 7.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 38 | -13.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97124, expect to pay close to the asking price. 52.6% of homes here sold near the asking price last month.
Summary: A total of 38 homes were sold or pending in 97124 in October 2024, down by 13.6% month-over-month. Of the 38 sold homes, 26% were sold under asking, 53% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 34 Days | +74.9% |
Summary: Homes in 97124 had an average of 34 days on market in Oct 2024, up by 74.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 38 homes were sold in 97124; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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