$9,078 Closing Credit*
$764,488
1,661 SqFt
3 Beds
•2 Full Baths
Michael Clem, Samantha Ingram, Listing Office: Cascadian South Corp.
Is 97229, 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, 97229 has remained a Seller's Market.
Key Takeaway
97229 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97229, OR
How much do homes in 97229, OR cost?
Median Sold Price
$778,954
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,934(+2.5%)
Key Takeaway
Homes in 97229 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 97229 was $778,954 in October 2024, up 2.5% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $221.7K | -20.8% |
| 2 Bedrooms | $425K | $415K | -2.4% |
| 3 Bedrooms | $610K | $600K | -1.6% |
| 4 Bedrooms | $820K | $830K | +1.2% |
| 5+ Bedrooms | $1.0M | $990K | -4.7% |
Summary: 97229 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.8%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 97229, OR
How many homes are available in 97229, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 383 | 388 | +1.3% |
Summary: The 97229 real estate market had 388 homes for sale in October 2024, a 1.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 52 | 51 | -1.9% |
| 3 Bedrooms | 77 | 76 | -1.3% |
| 4 Bedrooms | 135 | 137 | +1.5% |
| 5+ Bedrooms | 111 | 113 | +1.8% |
Summary: The 97229 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 1.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 80 | +14.3% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97229, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in 97229 in October 2024, up by 14.3% month-over-month. Of the 80 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for 97229, OR
How long does it take to sell a home in 97229, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 77 Days | +120.2% |
Summary: Homes in 97229 had an average of 77 days on market in Oct 2024, up by 120.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97229 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 80 homes were sold in 97229; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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