$5,641 Closing Credit*
$475,000
1,718 SqFt
3 Beds
•2 Full Baths
NIck Boyd, Listing Office: Triple Oaks Realty LLC
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.
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