$7,719 Closing Credit*
$650,000
2,034 SqFt
4 Beds
•2 Full Baths
Debra Burt, Listing Office: Copper Tree Realty
Is 97423, 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, 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
$273,750
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$26,250(-8.8%)
Key Takeaway
Homes in 97423 have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in 97423 was $273,750 in October 2024, down 8.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $199K | $240K | +20.6% |
| 2 Bedrooms | $235.5K | $245K | +4.0% |
| 3 Bedrooms | $314K | $321.9K | +2.5% |
| 4 Bedrooms | $397K | $420K | +5.8% |
| 5+ Bedrooms | - | $393K | N/A |
Summary: 97423 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 5.8%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 41 | -6.8% |
Summary: The 97423 real estate market had 41 homes for sale in October 2024, a 6.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 22 | 22 | 0.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The 97423 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97423, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 97423 in October 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 82 Days | +47.5% |
Summary: Homes in 97423 had an average of 82 days on market in Oct 2024, up by 47.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 97423 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in 97423; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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