$9,678 Closing Credit*
$815,000
2,992 SqFt
5 Beds
•3 Full Baths
Gregory Laybourn, Listing Office: Where, Inc
Is 97225, 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, 97225 has remained a Seller's Market.
Key Takeaway
97225 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97225, OR
How much do homes in 97225, OR cost?
Median Sold Price
$720,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+1.4%)
Key Takeaway
Homes in 97225 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 97225 was $720,000 in November 2024, up 1.4% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $220K | -4.3% |
| 2 Bedrooms | $497K | $455K | -8.5% |
| 3 Bedrooms | $680K | $642.9K | -5.4% |
| 4 Bedrooms | $891.5K | $910K | +2.1% |
| 5+ Bedrooms | $980K | $994K | +1.4% |
Summary: 97225 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 97225, OR
How many homes are available in 97225, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 90 | -4.3% |
Summary: The 97225 real estate market had 90 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 97225 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 27 | +58.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97225, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 97225 in November 2024, up by 58.8% month-over-month. Of the 27 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 45 Days | -11.7% |
Summary: Homes in 97225 had an average of 45 days on market in Nov 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 27 homes were sold in 97225; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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