Is 97467, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97467 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 97467 has remained a Seller's Market.

Key Takeaway

97467 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97467, OR

How much do homes in 97467, OR cost?

Median Sold Price

$298,750

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$28,750(-8.8%)

Key Takeaway

Homes in 97467 have sold for 8.8% less than they did a year ago.

Summary: The median home sold price in 97467 was $298,750 in November 2024, down 8.8% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $245K$225K
-8.2%
3 $359K$327K
-8.9%
4 $385.5K$367.5K
-4.7%
5+ $450K$598K
+32.9%

Summary: 97467 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 8.2%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 32.9%.

Housing Supply in 97467, OR

How many homes are available in 97467, OR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3432-5.9%

Summary: The 97467 real estate market had 32 homes for sale in November 2024, a 5.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 106
-40.0%
3 1614
-12.5%
4 710
+42.9%
5+ 00
0.0%

Summary: The 97467 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 decreased by 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97467, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 97467 in November 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for 97467, OR

How long does it take to sell a home in 97467, OR?

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days94 Days+68.9%

Summary: Homes in 97467 had an average of 94 days on market in Nov 2024, up by 68.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 97467 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 7 homes were sold in 97467; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% 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 26 Days Ago

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