$3,503 Closing Credit*
$295,000
1,092 SqFt
3 Beds
•1 Full Bath
Emily Groves, Listing Office: Pacific Properties
Is 97423, 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, 97423 was a Seller's Market.
Key Takeaway
97423 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97423, OR
How much do homes in 97423, OR cost?
Median Sold Price
$277,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$18,000(-6.1%)
Key Takeaway
Homes in 97423 have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in 97423 was $277,500 in November 2024, down 6.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $240K | +20.6% |
| 2 Bedrooms | $228K | $246.2K | +8.0% |
| 3 Bedrooms | $309.5K | $321.9K | +4.0% |
| 4 Bedrooms | $442K | $420K | -5.0% |
| 5+ Bedrooms | - | $393K | N/A |
Summary: 97423 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes did not change.
Housing Supply in 97423, OR
How many homes are available in 97423, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 34 | -12.8% |
Summary: The 97423 real estate market had 34 homes for sale in November 2024, a 12.8% 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 | 9 | 5 | -44.4% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97423 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 44.4%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97423, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 97423 in November 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 97423, OR
How long does it take to sell a home in 97423, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 9 Days | -68.3% |
Summary: Homes in 97423 had an average of 9 days on market in Nov 2024, down by 68.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97423 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in 97423; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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