$7,229 Closing Credit*
$608,780
2,366 SqFt
5 Beds
•3 Full Baths
Sarah Clarke, Douglas Benson, Listing Office: Holt Homes Realty, LLC
Is 97127, 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, 97127 has remained a Neutral Market.
Key Takeaway
97127 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 97127, OR
How much do homes in 97127, OR cost?
Median Sold Price
$474,500
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,020(+4.9%)
Key Takeaway
Homes in 97127 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 97127 was $474,500 in November 2024, up 4.9% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $335K | - | N/A |
| 3 Bedrooms | $444.9K | $449.4K | +1.0% |
| 4 Bedrooms | $474.9K | $505K | +6.3% |
| 5+ Bedrooms | $572.9K | $575K | 0.4% |
Summary: 97127 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 97127, OR
How many homes are available in 97127, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The 97127 real estate market had 30 homes for sale in November 2024, a 15.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97127 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 remained the same, 3 bedroom homes increased by 45.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97127, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 97127 in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for 97127, OR
How long does it take to sell a home in 97127, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 138 Days | 109 Days | -21.0% |
Summary: Homes in 97127 had an average of 109 days on market in Nov 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97127 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in 97127; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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