Is 97396, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97396 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97396 has remained a Seller's Market.

Key Takeaway

97396 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97396, OR

How much do homes in 97396, OR cost?

Median Sold Price

$340,000

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-2.9%)

Key Takeaway

Homes in 97396 have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in 97396 was $340,000 in October 2024, down 2.9% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$212.5K
N/A
2 $287.5K$286.2K
-0.4%
3 $351K$340.5K
-3.0%
4 $350K$367.2K
+4.9%
5+ $420K-
N/A

Summary: 97396 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 decreased by 0.4%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

97128
+1.7%
97378
-1.3%
97396
-2.9%

Housing Supply in 97396, OR

How many homes are available in 97396, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2125+19.0%

Summary: The 97396 real estate market had 25 homes for sale in October 2024, a 19.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1214
+16.7%
4 79
+28.6%
5+ 00
0.0%

Summary: The 97396 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 16.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97396, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 97396 in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 97396, OR

How long does it take to sell a home in 97396, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
152 Days40 Days-73.8%

Summary: Homes in 97396 had an average of 40 days on market in Oct 2024, down by 73.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97396 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 97396; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 4 Days Ago

Newest Listings in 97396, OR

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