$4,453 Closing Credit*
$375,000
1,126 SqFt
3 Beds
•2 Full Baths
Claire Blosser, Listing Office: Keller Williams Capital City
Is 97338, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, 97338 was a Buyer's Market.
Key Takeaway
97338 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97338, OR
How much do homes in 97338, OR cost?
Median Sold Price
$431,270
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$1,275(+0.3%)
Key Takeaway
The sold price of homes in 97338 has remained the same since last year.
Summary: The median home sold price in 97338 was $431,270 in December 2024, up 0.3% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $348K | $379.9K | +9.2% |
| 3 Bedrooms | $433K | $420K | -3.0% |
| 4 Bedrooms | $460K | $499.9K | +8.7% |
| 5+ Bedrooms | $601K | $640K | +6.5% |
Summary: 97338 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 9.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Zip Codes
| 97338 | $429.9K | $431.2K | 0.3% |
| 97378 | $375K | $369.9K | -1.3% |
Housing Supply in 97338, OR
How many homes are available in 97338, OR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 51 | 47 | -7.8% |
Summary: The 97338 real estate market had 47 homes for sale in December 2024, a 7.8% 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 34 | 29 | -14.7% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 97338 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 increased by 14.3%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97338, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in 97338 in December 2024, up by 25.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% were sold over asking.
Days on Market for 97338, OR
How long does it take to sell a home in 97338, OR?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 68 Days | 105 Days | +53.9% |
Summary: Homes in 97338 had an average of 105 days on market in Dec 2024, up by 53.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97338 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 10 homes were sold in 97338; 10% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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