$10,000 Closing Credit*
$939,900
2,345 SqFt
4 Beds
•2 Full Baths
Mandi Butler Craner, Listing Office: ICON Real Estate Group
Is 97401, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$540,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,553(+7.5%)
Key Takeaway
Homes in 97401 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 97401 was $540,000 in November 2024, up 7.5% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $340K | +1.5% |
| 2 Bedrooms | $389.5K | $378K | -3.0% |
| 3 Bedrooms | $490K | $540K | +10.2% |
| 4 Bedrooms | $599.9K | $630K | +5.0% |
| 5+ Bedrooms | $875K | $685K | -21.7% |
Summary: 97401 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 21.7%.
Housing Supply in 97401, OR
How many homes are available in 97401, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 117 | 107 | -8.5% |
Summary: The 97401 real estate market had 107 homes for sale in November 2024, a 8.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 13 | -7.1% |
| 3 Bedrooms | 48 | 46 | -4.2% |
| 4 Bedrooms | 36 | 31 | -13.9% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The 97401 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97401, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in 97401 in November 2024, the same as the previous month. Of the 22 sold homes, 68% were sold under asking, 9% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 53 Days | +43.8% |
Summary: Homes in 97401 had an average of 53 days on market in Nov 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 22 homes were sold in 97401; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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