$8,491 Closing Credit*
$715,000
2,384 SqFt
4 Beds
•3 Full Baths
Joshua Cooley, Brian House, Listing Office: Keller Williams The Cooley Real Estate Group
Is 97408, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$692,450
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,450(+8.2%)
Key Takeaway
Homes in 97408 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 97408 was $692,450 in November 2024, up 8.2% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $312K | N/A |
| 2 Bedrooms | $510K | $461.2K | -9.6% |
| 3 Bedrooms | $575K | $640K | +11.3% |
| 4 Bedrooms | $830K | $812.4K | -2.1% |
| 5+ Bedrooms | $1.0M | $1.0M | +2.3% |
Summary: 97408 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 2.3%.
Housing Supply in 97408, OR
How many homes are available in 97408, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 54 | -11.5% |
Summary: The 97408 real estate market had 54 homes for sale in November 2024, a 11.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 34 | 31 | -8.8% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 97408 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97408, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 97408 in November 2024, down by 14.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 42% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 63 Days | +183.6% |
Summary: Homes in 97408 had an average of 63 days on market in Nov 2024, up by 183.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97408 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in 97408; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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