$6,234 Closing Credit*
$525,000
1,877 SqFt
5 Beds
•3 Full Baths
Scott Foster, Listing Office: Premiere Property Group, LLC
Is 97222, 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, 97222 has remained a Seller's Market.
Key Takeaway
97222 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97222, OR
How much do homes in 97222, OR cost?
Median Sold Price
$491,833
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,833(+0.6%)
Key Takeaway
Homes in 97222 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 97222 was $491,833 in October 2024, up 0.6% 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 | $269K | $303.5K | +12.8% |
| 2 Bedrooms | $375K | $392.4K | +4.7% |
| 3 Bedrooms | $485K | $488K | +0.6% |
| 4 Bedrooms | $557.5K | $575K | +3.1% |
| 5+ Bedrooms | $632.5K | $702.5K | +11.1% |
Summary: 97222 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in 97222, OR
How many homes are available in 97222, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 | 101 | +21.7% |
Summary: The 97222 real estate market had 101 homes for sale in October 2024, a 21.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 44 | 61 | +38.6% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 97222 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 38.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 30 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97222, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 30 homes were sold or pending in 97222 in October 2024, up by 42.9% month-over-month. Of the 30 sold homes, 27% were sold under asking, 23% were sold at asking, and 50% were sold over asking.
Days on Market for 97222, OR
How long does it take to sell a home in 97222, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 40 Days | 37 Days | -7.1% |
Summary: Homes in 97222 had an average of 37 days on market in Oct 2024, down by 7.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97222 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 30 homes were sold in 97222; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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