$4,548 Closing Credit*
$383,000
1,296 SqFt
3 Beds
•2 Full Baths
Merin Bracken-Paldi, Listing Office: eXp Realty, LLC
Is 97138, 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, 97138 was a Seller's Market.
Key Takeaway
97138 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97138, OR
How much do homes in 97138, OR cost?
Median Sold Price
$553,125
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$16,375(-2.9%)
Key Takeaway
Homes in 97138 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 97138 was $553,125 in October 2024, down 2.9% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $366.4K | $220K | -40.0% |
| 2 Bedrooms | $462K | $464K | 0.4% |
| 3 Bedrooms | $557.9K | $539.5K | -3.3% |
| 4 Bedrooms | $722K | $845K | +17.0% |
| 5+ Bedrooms | $780.7K | $755K | -3.3% |
Summary: 97138 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 17%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in 97138, OR
How many homes are available in 97138, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 95 | 96 | +1.1% |
Summary: The 97138 real estate market had 96 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 42 | 40 | -4.8% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 97138 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97138, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 97138 in October 2024, down by 31.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for 97138, OR
How long does it take to sell a home in 97138, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 137 Days | 77 Days | -44.0% |
Summary: Homes in 97138 had an average of 77 days on market in Oct 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97138 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 11 homes were sold in 97138; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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