$10,000 Closing Credit*
$999,999
2,170 SqFt
3 Beds
•3 Full Baths
Casey Oliver, Listing Office: SMI Commercial Real Estate LLC
Is 97302, 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, 97302 has remained a Seller's Market.
Key Takeaway
97302 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97302, OR
How much do homes in 97302, OR cost?
Median Sold Price
$440,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,475(-2.1%)
Key Takeaway
Homes in 97302 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 97302 was $440,000 in November 2024, down 2.1% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $308.9K | $324K | +4.9% |
| 2 Bedrooms | $350K | $356.5K | +1.9% |
| 3 Bedrooms | $436.9K | $439.9K | +0.7% |
| 4 Bedrooms | $542.8K | $605K | +11.4% |
| 5+ Bedrooms | $707.5K | $720K | +1.8% |
Summary: 97302 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 1.8%.
Housing Supply in 97302, OR
How many homes are available in 97302, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 72 | -12.2% |
Summary: The 97302 real estate market had 72 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 46 | 37 | -19.6% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 97302 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97302, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 97302 in November 2024, down by 30.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for 97302, OR
How long does it take to sell a home in 97302, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 45 Days | -9.4% |
Summary: Homes in 97302 had an average of 45 days on market in Nov 2024, down by 9.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97302 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in 97302; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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