$7,113 Closing Credit*
$599,000
2,020 SqFt
3 Beds
•2 Full Baths
Natalie Quandt, Listing Office: John L. Scott
Is 97148, 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, 97148 was a Buyer's Market.
Key Takeaway
97148 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 97148, OR
How much do homes in 97148, OR cost?
Median Sold Price
$588,500
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$145,200(-19.8%)
Key Takeaway
Homes in 97148 have sold for 19.8% less than they did a year ago.
Summary: The median home sold price in 97148 was $588,500 in October 2024, down 19.8% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $309K | N/A |
| 2 Bedrooms | $350K | - | N/A |
| 3 Bedrooms | $559.5K | $550K | -1.7% |
| 4 Bedrooms | $956.5K | $724.9K | -24.2% |
| 5+ Bedrooms | $813.5K | $856K | +5.2% |
Summary: 97148 housing prices by bedroom type for October 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 decreased by 1.7%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in 97148, OR
How many homes are available in 97148, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 25 | -7.4% |
Summary: The 97148 real estate market had 25 homes for sale in October 2024, a 7.4% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 97148 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97148, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 97148 in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 97148, OR
How long does it take to sell a home in 97148, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 82 Days | +727.5% |
Summary: Homes in 97148 had an average of 82 days on market in Oct 2024, up by 727.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97148 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 97148; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.