Is 97459, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97459 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 97459 was a Buyer's Market.

Key Takeaway

97459 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 97459, OR

How much do homes in 97459, OR cost?

Median Sold Price

$346,750

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$28,250(-7.5%)

Key Takeaway

Homes in 97459 have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in 97459 was $346,750 in October 2024, down 7.5% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $233K$200K
-14.2%
2 $280K$262K
-6.4%
3 $377K$372.5K
-1.2%
4 $470K$399K
-15.1%
5+ $481K$557.5K
+15.9%

Summary: 97459 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.2%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Zip Codes

97420
+2.8%
97459
-7.5%
97467
-11.3%

Housing Supply in 97459, OR

How many homes are available in 97459, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7973-7.6%

Summary: The 97459 real estate market had 73 homes for sale in October 2024, a 7.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1512
-20.0%
3 3231
-3.1%
4 2625
-3.8%
5+ 54
-20.0%

Summary: The 97459 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 decreased by 20%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1511-26.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97459, 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 97459 in October 2024, down by 26.7% 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 97459, OR

How long does it take to sell a home in 97459, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days57 Days-1.8%

Summary: Homes in 97459 had an average of 57 days on market in Oct 2024, down by 1.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97459 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 97459; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 4 Days Ago

Newest Listings in 97459, OR

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