$4,394 Closing Credit*
$370,000
1,016 SqFt
3 Beds
•1 Full Bath
Jennifer Hicks, Listing Office: DC Real Estate Inc
Is 97404, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222K | $331K | +49.1% |
| 2 Bedrooms | $350K | $353.5K | +1.0% |
| 3 Bedrooms | $437.2K | $422K | -3.5% |
| 4 Bedrooms | $505K | $505K | 0.0% |
| 5+ Bedrooms | $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%.
Housing Supply in 97404, OR
How many homes are available in 97404, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 107 | 100 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 71 | 71 | 0.0% |
| 4 Bedrooms | 25 | 22 | -12.0% |
| 5+ Bedrooms | 5 | 4 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 27 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
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.
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