$175,000
0.27 Acres
Land
Daniel Gandee, Listing Office: Real Broker
Is 97401, 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, 97401 has remained a Seller's Market.
Key Takeaway
97401 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97401, OR
How much do homes in 97401, OR cost?
Median Sold Price
$525,500
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,166(+5.5%)
Key Takeaway
Homes in 97401 have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in 97401 was $525,500 in October 2024, up 5.5% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $341K | +6.6% |
| 2 Bedrooms | $389K | $383K | -1.5% |
| 3 Bedrooms | $489.9K | $530K | +8.2% |
| 4 Bedrooms | $597.5K | $634K | +6.1% |
| 5+ Bedrooms | $880K | $678.5K | -22.9% |
Summary: 97401 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes decreased by 22.9%.
Housing Supply in 97401, OR
How many homes are available in 97401, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 113 | 118 | +4.4% |
Summary: The 97401 real estate market had 118 homes for sale in October 2024, a 4.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 40 | 47 | +17.5% |
| 4 Bedrooms | 36 | 35 | -2.8% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The 97401 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97401, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in 97401 in October 2024, down by 16.7% month-over-month. Of the 20 sold homes, 45% were sold under asking, 20% were sold at asking, and 35% were sold over asking.
Days on Market for 97401, OR
How long does it take to sell a home in 97401, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 32 Days | -29.2% |
Summary: Homes in 97401 had an average of 32 days on market in Oct 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97401 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in 97401; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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