Is 97338, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97338 is a seller's market

Buyer's
Market

Difference Since October 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

$429,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,000(-0.9%)

Key Takeaway

Homes in 97338 have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in 97338 was $429,000 in October 2024, down 0.9% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $280K-
N/A
2 $368.5K$345K
-6.4%
3 $431.5K$418K
-3.1%
4 $489.5K$490K
0.1%
5+ $650K$600K
-7.7%

Summary: 97338 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 decreased by 6.4%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 7.7%.

Median Sold Price Compared To Nearby Zip Codes

97338
-0.9%
97378
-1.3%

Housing Supply in 97338, OR

How many homes are available in 97338, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6460-6.3%

Summary: The 97338 real estate market had 60 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 4443
-2.3%
4 109
-10.0%
5+ 21
-50.0%

Summary: The 97338 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 decreased by 12.5%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97338, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 97338 in October 2024, down by 17.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% 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

Oct 2023Oct 2024CHANGE
59 Days33 Days-44.4%

Summary: Homes in 97338 had an average of 33 days on market in Oct 2024, down by 44.4% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97338 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 97338; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 4 Days Ago

Newest Listings in 97338, OR

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