$6,994 Closing Credit*
$589,000
1,575 SqFt
3 Beds
•2 Full Baths
Eve Olsen, Listing Office: HomeSmart Realty Group
Is 97361, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 97361 was a Seller's Market.
Key Takeaway
97361 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97361, OR
How much do homes in 97361, OR cost?
Median Sold Price
$402,500
$219/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$52,500(-11.5%)
Key Takeaway
Homes in 97361 have sold for 11.5% less than they did a month ago.
Summary: The median home sold price in 97361 was $402,500 in October 2024, down 11.5% from last month, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $336.8K | - | N/A |
| 3 Bedrooms | $387K | $455K | +17.6% |
| 4 Bedrooms | $602.5K | - | N/A |
| 5+ Bedrooms | $825K | $350K | -57.6% |
Summary: 97361 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 57.6%.
Median Sold Price Compared To Nearby Zip Codes
| 97344 | $330K | $599K | +81.5% |
| 97330 | $505K | $540K | +6.9% |
| 97361 | $455K | $402.5K | -11.5% |
| 97370 | $549K | $407.3K | -25.8% |
Housing Supply in 97361, OR
How many homes are available in 97361, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Summary: The 97361 real estate market had 14 homes for sale in October 2024, a 26.3% decrease 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 97361 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97361, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 97361 in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 97361, OR
How long does it take to sell a home in 97361, OR?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 28 Days | -18.1% |
Summary: Homes in 97361 had an average of 28 days on market in Oct 2024, down by 18.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97361 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in 97361; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.