$5,580 Closing Credit*
$469,900
1,881 SqFt
3 Beds
•3 Full Baths
Brandi Erskine, Listing Office: MORE Realty
Is 97236, 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, 97236 was a Seller's Market.
Key Takeaway
97236 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 97236, OR
How much do homes in 97236, OR cost?
Median Sold Price
$430,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+2.4%)
Key Takeaway
Homes in 97236 have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in 97236 was $430,000 in October 2024, up 2.4% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $357K | +210.4% |
| 2 Bedrooms | $305K | $287.9K | -5.6% |
| 3 Bedrooms | $401.5K | $424.9K | +5.8% |
| 4 Bedrooms | $497.5K | $518K | +4.1% |
| 5+ Bedrooms | $635K | $655K | +3.1% |
Summary: 97236 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 210.4%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 97236, OR
How many homes are available in 97236, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 109 | -6.0% |
Summary: The 97236 real estate market had 109 homes for sale in October 2024, a 6.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 51 | 51 | 0.0% |
| 4 Bedrooms | 36 | 29 | -19.4% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 97236 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 18 | -18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97236, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 97236 in October 2024, down by 18.2% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for 97236, OR
How long does it take to sell a home in 97236, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 50 Days | -7.7% |
Summary: Homes in 97236 had an average of 50 days on market in Oct 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97236 has remained consistent over time.
Summary: During October 2024, 18 homes were sold in 97236; 39% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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