Is 97321, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97321 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 97321 has remained a Seller's Market.

Key Takeaway

97321 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97321, OR

How much do homes in 97321, OR cost?

Median Sold Price

$487,950

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$12,050(-2.4%)

Key Takeaway

Homes in 97321 have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in 97321 was $487,950 in November 2024, down 2.4% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$500K
N/A
2 $300K$325K
+8.3%
3 $465.7K$480K
+3.1%
4 $557.5K$569.9K
+2.2%
5+ $590K$599.9K
+1.7%

Summary: 97321 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

97322
+8.4%
97321
-2.4%
97352
-7.4%

Housing Supply in 97321, OR

How many homes are available in 97321, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4839-18.8%

Summary: The 97321 real estate market had 39 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 2619
-26.9%
4 1514
-6.7%
5+ 44
0.0%

Summary: The 97321 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97321, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 97321 in November 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 97321, OR

How long does it take to sell a home in 97321, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days58 Days+98.3%

Summary: Homes in 97321 had an average of 58 days on market in Nov 2024, up by 98.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97321 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 97321; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 97321, OR

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