Is 97477, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97477 is a 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

# BEDSOct 2023Oct 2024CHANGE
1 $195.5K$285K
+45.8%
2 $300K$325K
+8.3%
3 $405.5K$413.4K
+2.0%
4 $454.9K$449.4K
-1.2%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

97408
+4.5%
97477
+2.6%
97403
-8.1%

Housing Supply in 97477, OR

How many homes are available in 97477, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
126121-4.0%

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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2023
+15.0%
3 6662
-6.1%
4 3431
-8.8%
5+ 65
-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 2024Oct 2024CHANGE
3524-31.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
17 Days21 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

Breakdown of Home Sale Times

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.

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 97477, OR

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