Is 97408, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97408 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 -$312K
N/A
2 $479.9K$462.5K
-3.6%
3 $580K$600K
+3.4%
4 $830K$770.5K
-7.2%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

97408
+4.5%
97478
+3.4%
97477
+2.6%
97404
-2.2%
97446
-2.8%

Housing Supply in 97408, OR

How many homes are available in 97408, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5759+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

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 66
0.0%
3 2630
+15.4%
4 2019
-5.0%
5+ 44
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 2024Oct 2024CHANGE
1011+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
57 Days43 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

Breakdown of Home Sale Times

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.

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 97408, OR

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