$3,086 Closing Credit*
$259,900
1,704 SqFt
3 Beds
•2 Full Baths
Kari White, Listing Office: Village Realty
Is 97457, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97457 was a Seller's Market.
Key Takeaway
97457 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97457, OR
How much do homes in 97457, OR cost?
Median Sold Price
$295,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,000(+1.0%)
Key Takeaway
Homes in 97457 have sold for 1% more than they did a year ago.
Summary: The median home sold price in 97457 was $295,000 in October 2024, up 1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $157.5K | +30.2% |
| 2 Bedrooms | $250K | $241K | -3.6% |
| 3 Bedrooms | $295.5K | $315.9K | +6.9% |
| 4 Bedrooms | $414K | $292K | -29.5% |
| 5+ Bedrooms | $465K | $340K | -26.9% |
Summary: 97457 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 29.5%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Zip Codes
| 97470 | $301K | $320K | +6.3% |
| 97457 | $292K | $295K | +1.0% |
| 97417 | $295K | $290.5K | -1.5% |
Housing Supply in 97457, OR
How many homes are available in 97457, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 55 | -5.2% |
Summary: The 97457 real estate market had 55 homes for sale in October 2024, a 5.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 43 | 40 | -7.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 97457 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 7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97457, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in 97457 in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 38% were sold at asking, and 63% were sold over asking.
Days on Market for 97457, OR
How long does it take to sell a home in 97457, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 96 Days | +96.6% |
Summary: Homes in 97457 had an average of 96 days on market in Oct 2024, up by 96.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97457 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 97457; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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