$5,047 Closing Credit*
$425,000
1,856 SqFt
4 Beds
•3 Full Baths
Ilene Kittner, Listing Office: Pacific Properties
Is 97420, 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, 97420 has remained a Seller's Market.
Key Takeaway
97420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97420, OR
How much do homes in 97420, OR cost?
Median Sold Price
$344,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+4.2%)
Key Takeaway
Homes in 97420 have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in 97420 was $344,000 in November 2024, up 4.2% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $178K | $224.2K | +26.0% |
| 2 Bedrooms | $246.5K | $262.5K | +6.5% |
| 3 Bedrooms | $349.5K | $349K | -0.1% |
| 4 Bedrooms | $449K | $409.5K | -8.8% |
| 5+ Bedrooms | $465K | $472K | +1.5% |
Summary: 97420 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in 97420, OR
How many homes are available in 97420, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 133 | 122 | -8.3% |
Summary: The 97420 real estate market had 122 homes for sale in November 2024, a 8.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 32 | 27 | -15.6% |
| 3 Bedrooms | 64 | 59 | -7.8% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 97420 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 35 | +59.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97420, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in 97420 in November 2024, up by 59.1% month-over-month. Of the 35 sold homes, 57% were sold under asking, 23% were sold at asking, and 20% were sold over asking.
Days on Market for 97420, OR
How long does it take to sell a home in 97420, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 52 Days | +20.2% |
Summary: Homes in 97420 had an average of 52 days on market in Nov 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97420 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in 97420; 63% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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