Is 97426, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97426 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 97426 was a Neutral Market.

Key Takeaway

97426 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 97426, OR

How much do homes in 97426, OR cost?

Median Sold Price

$440,000

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$23,500(-5.1%)

Key Takeaway

Homes in 97426 have sold for 5.1% less than they did a year ago.

Summary: The median home sold price in 97426 was $440,000 in December 2024, down 5.1% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 -$360K
N/A
3 $440K$416K
-5.5%
4 $525K$635K
+21.0%
5+ $975K$650.7K
-33.3%

Summary: 97426 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 21%, and 5+ bedroom homes decreased by 33.3%.

Median Sold Price Compared To Nearby Zip Codes

97424
+12.0%
97405
-2.3%
97426
-5.1%

Housing Supply in 97426, OR

How many homes are available in 97426, OR?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2827-3.6%

Summary: The 97426 real estate market had 27 homes for sale in December 2024, a 3.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1716
-5.9%
4 86
-25.0%
5+ 01
+100.0%

Summary: The 97426 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
83-62.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97426, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 97426 in December 2024, down by 62.5% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 97426, OR

How long does it take to sell a home in 97426, OR?

Average Sale Time

Dec 2023Dec 2024CHANGE
91 Days35 Days-60.8%

Summary: Homes in 97426 had an average of 35 days on market in Dec 2024, down by 60.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97426 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 3 homes were sold in 97426; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 97426, OR

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