$6,128 Closing Credit*
$516,000
1,560 SqFt
3 Beds
•2 Full Baths
Mack Spear, Melissa Burman, Listing Office: Kelly Right Real Estate of Portland, LLC
Is 97394, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97394 has remained a Seller's Market.
Key Takeaway
97394 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97394, OR
How much do homes in 97394, OR cost?
Median Sold Price
$557,500
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$146,275(+35.6%)
Key Takeaway
Homes in 97394 have sold for 35.6% more than they did a year ago.
Summary: The median home sold price in 97394 was $557,500 in October 2024, up 35.6% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.9K | $245K | -30.0% |
| 2 Bedrooms | $410K | $402.4K | -1.8% |
| 3 Bedrooms | $415K | $599K | +44.3% |
| 4 Bedrooms | - | $632.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 97394 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 44.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 97394, OR
How many homes are available in 97394, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 19 | -20.8% |
Summary: The 97394 real estate market had 19 homes for sale in October 2024, a 20.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97394 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 44.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97394, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 97394 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.
Days on Market for 97394, OR
How long does it take to sell a home in 97394, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 57 Days | -23.8% |
Summary: Homes in 97394 had an average of 57 days on market in Oct 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97394 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 97394; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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