Is 97439, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97439 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 97439 has remained a Seller's Market.

Key Takeaway

97439 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97439, OR

How much do homes in 97439, OR cost?

Median Sold Price

$478,000

$306/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,000(+0.6%)

Key Takeaway

Homes in 97439 have sold for 0.6% more than they did a year ago.

Summary: The median home sold price in 97439 was $478,000 in November 2024, up 0.6% from last year, and the median price per square foot was $306.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $166K$200K
+20.5%
2 $418K$429.5K
+2.8%
3 $475K$482.5K
+1.6%
4 $655K$765K
+16.8%
5+ $1.0M$775K
-25.4%

Summary: 97439 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.5%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 25.4%.

Housing Supply in 97439, OR

How many homes are available in 97439, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
132136+3.0%

Summary: The 97439 real estate market had 136 homes for sale in November 2024, a 3.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 2323
0.0%
3 8181
0.0%
4 1516
+6.7%
5+ 79
+28.6%

Summary: The 97439 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1630+87.5%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97439, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in 97439 in November 2024, up by 87.5% month-over-month. Of the 30 sold homes, 70% were sold under asking, 27% were sold at asking, and 3% were sold over asking.

Days on Market for 97439, OR

How long does it take to sell a home in 97439, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days118 Days+213.4%

Summary: Homes in 97439 had an average of 118 days on market in Nov 2024, up by 213.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 97439 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 30 homes were sold in 97439; 23% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 53% 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 21 Days Ago

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