$6,408 Closing Credit*
$539,659
2,096 SqFt
4 Beds
•3 Full Baths
Kristina Carson, DeAnna Jones, Listing Office: Holt Homes 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 November 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
$485,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,900(-3.6%)
Key Takeaway
Homes in 97448 have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in 97448 was $485,000 in November 2024, down 3.6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $401K | $325K | -19.0% |
| 3 Bedrooms | $475K | $455K | -4.2% |
| 4 Bedrooms | $522.9K | $527.4K | +0.9% |
| 5+ Bedrooms | $516.9K | $524.9K | +1.6% |
Summary: 97448 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 19%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Zip Codes
| 97404 | $445K | $435K | -2.2% |
| 97448 | $502.9K | $485K | -3.6% |
Housing Supply in 97448, OR
How many homes are available in 97448, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Summary: The 97448 real estate market had 43 homes for sale in November 2024, a 14.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 23 | 15 | -34.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The 97448 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 34.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97448, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 97448 in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 134 Days | +126.0% |
Summary: Homes in 97448 had an average of 134 days on market in Nov 2024, up by 126% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 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 November 2024, 11 homes were sold in 97448; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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