$9,797 Closing Credit*
$825,000
2,532 SqFt
4 Beds
•2 Full Baths
Yvonne Blewett, Listing Office: Cascade Hasson Sotheby's International Realty
Is 97408, 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, 97408 has remained a Seller's Market.
Key Takeaway
97408 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97408, OR
How much do homes in 97408, OR cost?
Median Sold Price
$669,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+4.5%)
Key Takeaway
Homes in 97408 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 97408 was $669,000 in October 2024, up 4.5% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $312K | N/A |
| 2 Bedrooms | $479.9K | $462.5K | -3.6% |
| 3 Bedrooms | $580K | $600K | +3.4% |
| 4 Bedrooms | $830K | $770.5K | -7.2% |
| 5+ Bedrooms | $1.0M | $1.0M | +2.0% |
Summary: 97408 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 2%.
Housing Supply in 97408, OR
How many homes are available in 97408, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 59 | +3.5% |
Summary: The 97408 real estate market had 59 homes for sale in October 2024, a 3.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 97408 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97408, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 97408 in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for 97408, OR
How long does it take to sell a home in 97408, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 43 Days | -25.2% |
Summary: Homes in 97408 had an average of 43 days on market in Oct 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97408 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in 97408; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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