$4,097 Closing Credit*
$345,000
1,065 SqFt
3 Beds
•1 Full Bath
Laura Gillott, Listing Office: Keller Williams Realty Mid-Willamette
Is 97355, 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, 97355 was a Seller's Market.
Key Takeaway
97355 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97355, OR
How much do homes in 97355, OR cost?
Median Sold Price
$390,050
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$7,050(+1.8%)
Key Takeaway
Homes in 97355 have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in 97355 was $390,050 in December 2024, up 1.8% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50K | $210K | +320.0% |
| 2 Bedrooms | $300K | $315.9K | +5.3% |
| 3 Bedrooms | $372.2K | $390.3K | +4.8% |
| 4 Bedrooms | $425K | $438.9K | +3.3% |
| 5+ Bedrooms | $485K | $517.5K | +6.7% |
Summary: 97355 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 320%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in 97355, OR
How many homes are available in 97355, OR?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 56 | 48 | -14.3% |
Summary: The 97355 real estate market had 48 homes for sale in December 2024, a 14.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 1 | -75.0% |
| 3 Bedrooms | 32 | 28 | -12.5% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The 97355 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 decreased by 75%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 16 | 6 | -62.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97355, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 97355 in December 2024, down by 62.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for 97355, OR
How long does it take to sell a home in 97355, OR?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 44 Days | +53.6% |
Summary: Homes in 97355 had an average of 44 days on market in Dec 2024, up by 53.6% compared to last year.
Breakdown of Home Sale Times
3 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 97355 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in 97355; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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