$265,000
0.15 Acres
Land
Olivia Santos-Krieger, Listing Office: Pacific Coast Real Estate & Development, LLC
Is 97411, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97411 was a Seller's 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
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,000(+1.9%)
Key Takeaway
Homes in 97411 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 97411 was $550,000 in October 2024, up 1.9% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $672.5K | +128.0% |
| 2 Bedrooms | $370K | $465.2K | +25.7% |
| 3 Bedrooms | $567.2K | $565K | -0.4% |
| 4 Bedrooms | $600K | $615K | +2.5% |
| 5+ Bedrooms | $1.8M | $675K | -63.5% |
Summary: 97411 housing prices by bedroom type for October 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 0.4%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 67 | -13.0% |
Summary: The 97411 real estate market had 67 homes for sale in October 2024, a 13.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 16 | 14 | -12.5% |
| 3 Bedrooms | 47 | 39 | -17.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 97411 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 6 | -64.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was 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. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 97411 in October 2024, down by 64.7% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 246 Days | +364.2% |
Summary: Homes in 97411 had an average of 246 days on market in Oct 2024, up by 364.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97411 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in 97411; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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