$4,216 Closing Credit*
$355,000
1,234 SqFt
3 Beds
•2 Full Baths
Joey Palermo - Silence, Listing Office: Palermo Real Estate
Is 97477, 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, 97477 has remained a Seller's Market.
Key Takeaway
97477 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97477, OR
How much do homes in 97477, OR cost?
Median Sold Price
$414,857
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,524(+2.6%)
Key Takeaway
Homes in 97477 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 97477 was $414,857 in October 2024, up 2.6% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195.5K | $285K | +45.8% |
| 2 Bedrooms | $300K | $325K | +8.3% |
| 3 Bedrooms | $405.5K | $413.4K | +2.0% |
| 4 Bedrooms | $454.9K | $449.4K | -1.2% |
| 5+ Bedrooms | $504.9K | $515.3K | +2.1% |
Summary: 97477 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.8%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in 97477, OR
How many homes are available in 97477, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 126 | 121 | -4.0% |
Summary: The 97477 real estate market had 121 homes for sale in October 2024, a 4.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 66 | 62 | -6.1% |
| 4 Bedrooms | 34 | 31 | -8.8% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 97477 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 increased by 15%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 24 | -31.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97477, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 97477 in October 2024, down by 31.4% month-over-month. Of the 24 sold homes, 17% were sold under asking, 29% were sold at asking, and 54% were sold over asking.
Days on Market for 97477, OR
How long does it take to sell a home in 97477, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 21 Days | +22.2% |
Summary: Homes in 97477 had an average of 21 days on market in Oct 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97477 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 97477; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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