$4,750 Closing Credit*
$400,000
1,236 SqFt
2 Beds
•1 Full Bath
Jessica Pankratz, Listing Office: Connected Real Estate Group
Is 97322, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97322 has remained a Seller's Market.
Key Takeaway
97322 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97322, OR
How much do homes in 97322, OR cost?
Median Sold Price
$415,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,500(+9.9%)
Key Takeaway
Homes in 97322 have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in 97322 was $415,000 in October 2024, up 9.9% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $300K | $312.5K | +4.2% |
| 3 Bedrooms | $377.5K | $401K | +6.2% |
| 4 Bedrooms | $430K | $452K | +5.1% |
| 5+ Bedrooms | - | $640K | N/A |
Summary: 97322 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 97352 | $403K | $449.5K | +11.5% |
| 97322 | $377.5K | $415K | +9.9% |
| 97374 | $699.3K | $745K | +6.5% |
| 97321 | $497.5K | $500K | 0.5% |
Housing Supply in 97322, OR
How many homes are available in 97322, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 49 | +4.3% |
Summary: The 97322 real estate market had 49 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97322 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97322, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 97322 in October 2024, up by 150.0% month-over-month. Of the 15 sold homes, 27% were sold under asking, 40% were sold at asking, and 33% were sold over asking.
Days on Market for 97322, OR
How long does it take to sell a home in 97322, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 35 Days | -0.6% |
Summary: Homes in 97322 had an average of 35 days on market in Oct 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97322 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in 97322; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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