Is 97391, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97391 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 97391 was a Seller's Market.

Key Takeaway

97391 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 97391, OR

How much do homes in 97391, OR cost?

Median Sold Price

$192,000

$213/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$280,000(-59.3%)

Key Takeaway

Homes in 97391 have sold for 59.3% less than they did a month ago.

Summary: The median home sold price in 97391 was $192,000 in October 2024, down 59.3% from last month, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $285K$192K
-32.6%
3 $572K-
N/A
4 $489K-
N/A
5+ --
N/A

Summary: 97391 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 decreased by 32.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

97376
-35.9%
97391
-59.3%

Housing Supply in 97391, OR

How many homes are available in 97391, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118-27.3%

Summary: The 97391 real estate market had 8 homes for sale in October 2024, a 27.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 65
-16.7%
4 10
-100.0%
5+ 11
0.0%

Summary: The 97391 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 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97391, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 97391 in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 97391, OR

How long does it take to sell a home in 97391, OR?

Average Sale Time

Sep 2024Oct 2024CHANGE
16 Days17 Days+1.5%

Summary: Homes in 97391 had an average of 17 days on market in Oct 2024, up by 1.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97391 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 97391; 100% of homes were sold within 30 days, 0% 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 20 Days Ago

Newest Listings in 97391, OR

Nearby Markets to 97391, OR