$4,394 Closing Credit*
$370,000
1,200 SqFt
4 Beds
•1 Full Bath
Corin Thompson, Listing Office: Keller Williams Realty Eugene and Springfield
Is 97402, 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, 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
$386,875
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,875(+0.5%)
Key Takeaway
The sold price of homes in 97402 has remained the same since last year.
Summary: The median home sold price in 97402 was $386,875 in October 2024, up 0.5% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $275.2K | +19.7% |
| 2 Bedrooms | $307.4K | $315K | +2.4% |
| 3 Bedrooms | $386.2K | $395K | +2.3% |
| 4 Bedrooms | $457.5K | $470K | +2.7% |
| 5+ Bedrooms | $618.7K | $507.4K | -18.0% |
Summary: 97402 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 2.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 147 | 148 | +0.7% |
Summary: The 97402 real estate market had 148 homes for sale in October 2024, a 0.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 39 | 37 | -5.1% |
| 3 Bedrooms | 76 | 72 | -5.3% |
| 4 Bedrooms | 24 | 28 | +16.7% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The 97402 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 30 | +7.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97402, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 97402 in October 2024, up by 7.1% month-over-month. Of the 30 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 32 Days | +12.7% |
Summary: Homes in 97402 had an average of 32 days on market in Oct 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 30 homes were sold in 97402; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.