$5,047 Closing Credit*
$425,000
1,134 SqFt
3 Beds
•1 Full Bath
Gavin Shettler, Listing Office: Neighbors Realty
Is 97216, 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, 97216 has remained a Seller's Market.
Key Takeaway
97216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97216, OR
How much do homes in 97216, OR cost?
Median Sold Price
$402,500
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,500(-2.1%)
Key Takeaway
Homes in 97216 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 97216 was $402,500 in October 2024, down 2.1% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $364K | N/A |
| 2 Bedrooms | $347.7K | $344.9K | -0.8% |
| 3 Bedrooms | $420K | $415K | -1.2% |
| 4 Bedrooms | $552.5K | $510K | -7.7% |
| 5+ Bedrooms | $570K | $590K | +3.5% |
Summary: 97216 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 decreased by 0.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in 97216, OR
How many homes are available in 97216, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 50 | +11.1% |
Summary: The 97216 real estate market had 50 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 21 | 26 | +23.8% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 97216 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97216, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 97216 in October 2024, up by 9.1% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 97216, OR
How long does it take to sell a home in 97216, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 70 Days | 27 Days | -61.1% |
Summary: Homes in 97216 had an average of 27 days on market in Oct 2024, down by 61.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97216 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in 97216; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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