$10,000 Closing Credit*
$1,299,000
3,000 SqFt
4 Beds
•2 Full Baths
Jon Burke, Melissa Stiltner, Listing Office: Triple Oaks Realty LLC
Is 97448, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97448 has remained a Seller's Market.
Key Takeaway
97448 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97448, OR
How much do homes in 97448, OR cost?
Median Sold Price
$488,650
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,300(-1.1%)
Key Takeaway
Homes in 97448 have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in 97448 was $488,650 in October 2024, down 1.1% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $401K | $320K | -20.2% |
| 3 Bedrooms | $467.9K | $458K | -2.1% |
| 4 Bedrooms | $521.3K | $527.4K | +1.2% |
| 5+ Bedrooms | $516.9K | $524.9K | +1.6% |
Summary: 97448 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Zip Codes
| 97456 | $391.5K | $504.5K | +28.9% |
| 97448 | $493.9K | $488.6K | -1.1% |
| 97404 | $445K | $435K | -2.2% |
Housing Supply in 97448, OR
How many homes are available in 97448, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 49 | -14.0% |
Summary: The 97448 real estate market had 49 homes for sale in October 2024, a 14.0% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 29 | 22 | -24.1% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The 97448 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 remained the same, 3 bedroom homes decreased by 24.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97448, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 97448 in October 2024, down by 7.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.
Days on Market for 97448, OR
How long does it take to sell a home in 97448, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 60 Days | +151.6% |
Summary: Homes in 97448 had an average of 60 days on market in Oct 2024, up by 151.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97448 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 97448; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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