$6,768 Closing Credit*
$569,900
1,892 SqFt
3 Beds
•2 Full Baths
Erin Harding, Listing Office: Lamonte Real Estate Professionals
Is 97457, 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, 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
$299,500
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,500(+2.9%)
Key Takeaway
Homes in 97457 have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in 97457 was $299,500 in November 2024, up 2.9% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $157.5K | +30.2% |
| 2 Bedrooms | $221K | $240K | +8.6% |
| 3 Bedrooms | $291K | $319K | +9.6% |
| 4 Bedrooms | $388.5K | $292K | -24.8% |
| 5+ Bedrooms | $465K | $340K | -26.9% |
Summary: 97457 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Zip Codes
| 97470 | $300K | $328K | +9.3% |
| 97457 | $291K | $299.5K | +2.9% |
| 97417 | $295K | $266.6K | -9.6% |
Housing Supply in 97457, OR
How many homes are available in 97457, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 51 | 0.0% |
Summary: The 97457 real estate market had 51 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 37 | 35 | -5.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 97457 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 5.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97457, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 97457 in November 2024, the same as the previous month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 92 Days | 96 Days | +3.9% |
Summary: Homes in 97457 had an average of 96 days on market in Nov 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 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 November 2024, 8 homes were sold in 97457; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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