$6,056 Closing Credit*
$510,000
1,484 SqFt
3 Beds
•1 Full Bath
Wendrika Olofson, Listing Office: Hybrid Real Estate
Is 97402, 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, 97402 has remained a Seller's Market.
Key Takeaway
97402 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97402, OR
How much do homes in 97402, OR cost?
Median Sold Price
$389,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,066(+1.1%)
Key Takeaway
Homes in 97402 have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in 97402 was $389,000 in November 2024, up 1.1% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $275.2K | +19.7% |
| 2 Bedrooms | $307.4K | $314K | +2.1% |
| 3 Bedrooms | $385K | $399.9K | +3.9% |
| 4 Bedrooms | $466K | $485K | +4.1% |
| 5+ Bedrooms | $618.7K | $507.4K | -18.0% |
Summary: 97402 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 18%.
Housing Supply in 97402, OR
How many homes are available in 97402, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 146 | 121 | -17.1% |
Summary: The 97402 real estate market had 121 homes for sale in November 2024, a 17.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 37 | 30 | -18.9% |
| 3 Bedrooms | 72 | 60 | -16.7% |
| 4 Bedrooms | 26 | 23 | -11.5% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The 97402 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.9%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97402, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in 97402 in November 2024, down by 3.1% month-over-month. Of the 31 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.
Days on Market for 97402, OR
How long does it take to sell a home in 97402, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 57 Days | +65.5% |
Summary: Homes in 97402 had an average of 57 days on market in Nov 2024, up by 65.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97402 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 31 homes were sold in 97402; 45% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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