$10,000 Closing Credit*
$976,200
2,993 SqFt
3 Beds
•3 Full Baths
Natalie Olsen, Lindsay Deitch, Listing Office: Weekley Homes LLC
Is 97224, 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, 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
$599,475
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,421(+1.8%)
Key Takeaway
Homes in 97224 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 97224 was $599,475 in October 2024, up 1.8% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205.5K | $190K | -7.5% |
| 2 Bedrooms | $400.5K | $399K | -0.4% |
| 3 Bedrooms | $580K | $597.2K | +3.0% |
| 4 Bedrooms | $715K | $699.2K | -2.2% |
| 5+ Bedrooms | $821.5K | $837.4K | +1.9% |
Summary: 97224 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 97224, OR
How many homes are available in 97224, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 274 | 267 | -2.6% |
Summary: The 97224 real estate market had 267 homes for sale in October 2024, a 2.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 59 | 55 | -6.8% |
| 3 Bedrooms | 69 | 68 | -1.4% |
| 4 Bedrooms | 93 | 90 | -3.2% |
| 5+ Bedrooms | 47 | 47 | 0.0% |
Summary: The 97224 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 48 | -9.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97224, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 48 homes were sold or pending in 97224 in October 2024, down by 9.4% month-over-month. Of the 48 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 57 Days | +9.4% |
Summary: Homes in 97224 had an average of 57 days on market in Oct 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
11 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 October 2024, 48 homes were sold in 97224; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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