$5,284 Closing Credit*
$445,000
1,840 SqFt
3 Beds
•1 Full Bath
Savannah Waters, Denise Busch, Listing Office: Paramount Real Estate Services
Is 97302, 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, 97302 was a Buyer'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
$439,950
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,525(-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 $439,950 in October 2024, down 2.1% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $308.9K | $324K | +4.9% |
| 2 Bedrooms | $340K | $361.4K | +6.3% |
| 3 Bedrooms | $435.9K | $439.5K | +0.8% |
| 4 Bedrooms | $542.8K | $605K | +11.4% |
| 5+ Bedrooms | $707.5K | $630K | -11.0% |
Summary: 97302 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 11%.
Housing Supply in 97302, OR
How many homes are available in 97302, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 89 | +15.6% |
Summary: The 97302 real estate market had 89 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 45 | 48 | +6.7% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The 97302 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97302, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 97302 in October 2024, up by 50.0% month-over-month. Of the 18 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 40 Days | -43.5% |
Summary: Homes in 97302 had an average of 40 days on market in Oct 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 18 homes were sold in 97302; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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