$3,563 Closing Credit*
$300,000
1,128 SqFt
2 Beds
•2 Full Baths
Claire Paris, Listing Office: Paris Group Realty LLC
Is 97225, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97225 was a Seller's Market.
Key Takeaway
97225 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97225, OR
How much do homes in 97225, OR cost?
Median Sold Price
$708,250
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,750(-0.2%)
Key Takeaway
The sold price of homes in 97225 has remained the same since last year.
Summary: The median home sold price in 97225 was $708,250 in October 2024, down 0.2% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $220K | -4.3% |
| 2 Bedrooms | $454K | $485K | +6.8% |
| 3 Bedrooms | $680K | $637K | -6.3% |
| 4 Bedrooms | $894.5K | $852.5K | -4.7% |
| 5+ Bedrooms | $980K | $981K | 0.1% |
Summary: 97225 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in 97225, OR
How many homes are available in 97225, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 97 | 100 | +3.1% |
Summary: The 97225 real estate market had 100 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 36 | 31 | -13.9% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The 97225 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97225, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in 97225 in October 2024, down by 23.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 44% were sold at asking, and 19% were sold over asking.
Days on Market for 97225, OR
How long does it take to sell a home in 97225, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 18 Days | -26.2% |
Summary: Homes in 97225 had an average of 18 days on market in Oct 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97225 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in 97225; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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