$3,444 Closing Credit*
$290,000
672 SqFt
2 Beds
•1 Bath
Rushel Reed, Listing Office: Beach Loop Realty
Is 97411, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 97411 was a Neutral Market.
Key Takeaway
97411 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97411, OR
How much do homes in 97411, OR cost?
Median Sold Price
$550,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,000(+0.2%)
Key Takeaway
The sold price of homes in 97411 has remained the same since last year.
Summary: The median home sold price in 97411 was $550,000 in November 2024, up 0.2% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $672.5K | +128.0% |
| 2 Bedrooms | $370K | $465.2K | +25.7% |
| 3 Bedrooms | $575K | $565K | -1.7% |
| 4 Bedrooms | $600K | $615K | +2.5% |
| 5+ Bedrooms | $1.8M | $675K | -63.5% |
Summary: 97411 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128%, 2 bedroom homes increased by 25.7%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 63.5%.
Housing Supply in 97411, OR
How many homes are available in 97411, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 64 | -4.5% |
Summary: The 97411 real estate market had 64 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 41 | 43 | +4.9% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97411 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97411, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 97411 in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 97411, OR
How long does it take to sell a home in 97411, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 91 Days | +127.9% |
Summary: Homes in 97411 had an average of 91 days on market in Nov 2024, up by 127.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97411 has remained consistent over time.
Summary: During November 2024, 6 homes were sold in 97411; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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