Is 97378, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97378 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 97378 has remained a Buyer's Market.

Key Takeaway

97378 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 97378, OR

How much do homes in 97378, OR cost?

Median Sold Price

$369,999

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,000(-1.3%)

Key Takeaway

Homes in 97378 have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in 97378 was $369,999 in October 2024, down 1.3% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$189K
+11.2%
2 $385K$286K
-25.7%
3 $360K$360.5K
0.1%
4 $395K$499.9K
+26.6%
5+ $1.4M$606.8K
-58.1%

Summary: 97378 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes decreased by 25.7%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes decreased by 58.1%.

Median Sold Price Compared To Nearby Zip Codes

97338
-0.9%
97378
-1.3%
97396
-2.9%

Housing Supply in 97378, OR

How many homes are available in 97378, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
28280.0%

Summary: The 97378 real estate market had 28 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1816
-11.1%
4 67
+16.7%
5+ 22
0.0%

Summary: The 97378 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 increased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97378, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 97378 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 97378, OR

How long does it take to sell a home in 97378, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days20 Days-62.1%

Summary: Homes in 97378 had an average of 20 days on market in Oct 2024, down by 62.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97378 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 97378; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in 97378, OR

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