$6,768 Closing Credit*
$569,900
2,153 SqFt
4 Beds
•3 Full Baths
Tyler Horst, Tim Horst, Listing Office: Summa Real Estate Group
Is 97224, 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, 97224 has remained a Seller's Market.
Key Takeaway
97224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97224, OR
How much do homes in 97224, OR cost?
Median Sold Price
$599,939
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,689(+1.5%)
Key Takeaway
Homes in 97224 have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in 97224 was $599,939 in November 2024, up 1.5% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213K | $186K | -12.7% |
| 2 Bedrooms | $400K | $400K | 0.0% |
| 3 Bedrooms | $577.9K | $590K | +2.1% |
| 4 Bedrooms | $722.5K | $699K | -3.3% |
| 5+ Bedrooms | $829.5K | $833.5K | 0.5% |
Summary: 97224 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in 97224, OR
How many homes are available in 97224, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 255 | 227 | -11.0% |
Summary: The 97224 real estate market had 227 homes for sale in November 2024, a 11.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 53 | 46 | -13.2% |
| 3 Bedrooms | 66 | 57 | -13.6% |
| 4 Bedrooms | 87 | 78 | -10.3% |
| 5+ Bedrooms | 42 | 40 | -4.8% |
Summary: The 97224 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 4.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 42 | -17.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97224, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in 97224 in November 2024, down by 17.6% month-over-month. Of the 42 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for 97224, OR
How long does it take to sell a home in 97224, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 68 Days | +34.8% |
Summary: Homes in 97224 had an average of 68 days on market in Nov 2024, up by 34.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97224 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 42 homes were sold in 97224; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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