$10,000 Closing Credit*
$1,625,000
3,038 SqFt
3 Beds
•2 Full Baths
Quinn Burke, Listing Office: Kithkin Real Estate
Is 97374, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97374 was a Neutral Market.
Key Takeaway
97374 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97374, OR
How much do homes in 97374, OR cost?
Median Sold Price
$745,000
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,697(+6.5%)
Key Takeaway
Homes in 97374 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 97374 was $745,000 in October 2024, up 6.5% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $475K | $1.0M | +112.6% |
| 3 Bedrooms | $699.3K | $425.4K | -39.2% |
| 4 Bedrooms | $850K | $640K | -24.7% |
| 5+ Bedrooms | - | $1.7M | N/A |
Summary: 97374 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 112.6%, 3 bedroom homes decreased by 39.2%, 4 bedroom homes decreased by 24.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 97374 | $699.3K | $745K | +6.5% |
| 97355 | $383K | $393.7K | +2.8% |
Housing Supply in 97374, OR
How many homes are available in 97374, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The 97374 real estate market had 10 homes for sale in October 2024, a 9.1% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97374 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97374, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 97374 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 97374, OR
How long does it take to sell a home in 97374, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 73 Days | +25.9% |
Summary: Homes in 97374 had an average of 73 days on market in Oct 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97374 has remained consistent over time.
Summary: During October 2024, 3 homes were sold in 97374; 0% of homes were sold within 30 days, 100% 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.