$8,906 Closing Credit*
$750,000
3,488 SqFt
8 Beds
•5 Full Baths
Steve Roesch, Listing Office: NextHome Realty Connection
Is 97212, 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, 97212 has remained a Seller's Market.
Key Takeaway
97212 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97212, OR
How much do homes in 97212, OR cost?
Median Sold Price
$800,000
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$25,000(-3.0%)
Key Takeaway
Homes in 97212 have sold for 3% less than they did a year ago.
Summary: The median home sold price in 97212 was $800,000 in November 2024, down 3% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $345K | $295K | -14.5% |
| 2 Bedrooms | $499.9K | $470K | -6.0% |
| 3 Bedrooms | $726.5K | $771K | +6.1% |
| 4 Bedrooms | $914.8K | $900K | -1.6% |
| 5+ Bedrooms | $1.2M | $1.1M | -0.8% |
Summary: 97212 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in 97212, OR
How many homes are available in 97212, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 101 | 87 | -13.9% |
Summary: The 97212 real estate market had 87 homes for sale in November 2024, a 13.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 27 | 27 | 0.0% |
| 3 Bedrooms | 31 | 26 | -16.1% |
| 4 Bedrooms | 30 | 20 | -33.3% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 97212 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 decreased by 16.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97212, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 97212 in November 2024, up by 16.0% month-over-month. Of the 29 sold homes, 48% were sold under asking, 14% were sold at asking, and 38% were sold over asking.
Days on Market for 97212, OR
How long does it take to sell a home in 97212, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 25 Days | -9.3% |
Summary: Homes in 97212 had an average of 25 days on market in Nov 2024, down by 9.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97212 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in 97212; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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