$4,988 Closing Credit*
$420,000
6,198 SqFt
4 Beds
•3 Baths
Heather Yates, Listing Office: HomeSmart Realty Group
Is 97317, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 97317 has remained a Seller's Market.
Key Takeaway
97317 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97317, OR
How much do homes in 97317, OR cost?
Median Sold Price
$468,397
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$58,147(+14.2%)
Key Takeaway
Homes in 97317 have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in 97317 was $468,397 in December 2024, up 14.2% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | - | N/A |
| 2 Bedrooms | $365.9K | $439.5K | +20.1% |
| 3 Bedrooms | $390.5K | $390K | -0.1% |
| 4 Bedrooms | $757K | $503.9K | -33.4% |
| 5+ Bedrooms | $670K | $533.2K | -20.4% |
Summary: 97317 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.1%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 33.4%, and 5+ bedroom homes decreased by 20.4%.
Housing Supply in 97317, OR
How many homes are available in 97317, OR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 37 | 35 | -5.4% |
Summary: The 97317 real estate market had 35 homes for sale in December 2024, a 5.4% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97317 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 12 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97317, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 97317 in December 2024, up by 100.0% month-over-month. Of the 12 sold homes, 8% were sold under asking, 67% were sold at asking, and 25% were sold over asking.
Days on Market for 97317, OR
How long does it take to sell a home in 97317, OR?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +51.4% |
Summary: Homes in 97317 had an average of 26 days on market in Dec 2024, up by 51.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97317 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 12 homes were sold in 97317; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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