Is 97404, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97404 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97404 has remained a Seller's Market.

Key Takeaway

97404 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97404, OR

How much do homes in 97404, OR cost?

Median Sold Price

$435,000

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-2.2%)

Key Takeaway

Homes in 97404 have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in 97404 was $435,000 in October 2024, down 2.2% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $222K$331K
+49.1%
2 $350K$353.5K
+1.0%
3 $437.2K$422K
-3.5%
4 $505K$505K
0.0%
5+ $540K$575K
+6.5%

Summary: 97404 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.1%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

97401
+5.5%
97408
+4.5%
97402
0.5%
97448
-1.1%
97404
-2.2%

Housing Supply in 97404, OR

How many homes are available in 97404, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
107100-6.5%

Summary: The 97404 real estate market had 100 homes for sale in October 2024, a 6.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 42
-50.0%
3 7171
0.0%
4 2522
-12.0%
5+ 54
-20.0%

Summary: The 97404 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2623-11.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97404, you could pay more than the asking price. 52.2% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in 97404 in October 2024, down by 11.5% month-over-month. Of the 23 sold homes, 13% were sold under asking, 35% were sold at asking, and 52% were sold over asking.

Days on Market for 97404, OR

How long does it take to sell a home in 97404, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days27 Days-6.6%

Summary: Homes in 97404 had an average of 27 days on market in Oct 2024, down by 6.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97404 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 97404; 61% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in 97404, OR

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