$7,541 Closing Credit*
$635,000
2,050 SqFt
4 Beds
•2 Full Baths
Stephen Bates, Wayne Antone, Listing Office: United Real Estate Properties
Is 97431, 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, 97431 was a Seller's Market.
Key Takeaway
97431 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97431, OR
How much do homes in 97431, OR cost?
Median Sold Price
$525,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$125,000(-19.2%)
Key Takeaway
Homes in 97431 have sold for 19.2% less than they did a year ago.
Summary: The median home sold price in 97431 was $525,000 in November 2024, down 19.2% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $270K | -5.3% |
| 3 Bedrooms | $790K | $539.8K | -31.7% |
| 4 Bedrooms | $650K | $550K | -15.4% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: 97431 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 31.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 97426 | $459K | $445K | -3.1% |
| 97431 | $650K | $525K | -19.2% |
Housing Supply in 97431, OR
How many homes are available in 97431, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 97431 real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 97431 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97431, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 97431 in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 97431, OR
How long does it take to sell a home in 97431, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 87 Days | +234.6% |
Summary: Homes in 97431 had an average of 87 days on market in Nov 2024, up by 234.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97431 has remained consistent over time.
Summary: During November 2024, 1 homes were sold in 97431; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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