$3,384 Closing Credit*
$285,000
1,030 SqFt
3 Beds
•1 Full Bath
Jerry Norman, Listing Office: Oregon Life Homes
Is 97470, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97470 has remained a Seller's Market.
Key Takeaway
97470 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97470, OR
How much do homes in 97470, OR cost?
Median Sold Price
$320,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,000(+6.3%)
Key Takeaway
Homes in 97470 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 97470 was $320,000 in October 2024, up 6.3% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $104.9K | N/A |
| 2 Bedrooms | $240K | $240K | 0.0% |
| 3 Bedrooms | $310K | $335K | +8.1% |
| 4 Bedrooms | $405K | $453.7K | +12.0% |
| 5+ Bedrooms | $254.5K | $410K | +61.1% |
Summary: 97470 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 61.1%.
Housing Supply in 97470, OR
How many homes are available in 97470, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 117 | 109 | -6.8% |
Summary: The 97470 real estate market had 109 homes for sale in October 2024, a 6.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 57 | 59 | +3.5% |
| 4 Bedrooms | 28 | 22 | -21.4% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 97470 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97470, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 97470 in October 2024, up by 9.5% month-over-month. Of the 23 sold homes, 65% were sold under asking, 22% were sold at asking, and 13% were sold over asking.
Days on Market for 97470, OR
How long does it take to sell a home in 97470, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 47 Days | +2.4% |
Summary: Homes in 97470 had an average of 47 days on market in Oct 2024, up by 2.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97470 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in 97470; 52% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
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