$4,928 Closing Credit*
$415,000
1,356 SqFt
3 Beds
•1 Full Bath
Miltina Scaife, Listing Office: Pro Realty
Is 97478, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 97478 has remained a Seller's Market.
Key Takeaway
97478 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97478, OR
How much do homes in 97478, OR cost?
Median Sold Price
$435,500
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,666(+2.5%)
Key Takeaway
Homes in 97478 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 97478 was $435,500 in November 2024, up 2.5% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $324K | $342K | +5.6% |
| 3 Bedrooms | $415K | $430K | +3.6% |
| 4 Bedrooms | $565K | $517.5K | -8.4% |
| 5+ Bedrooms | $700K | $600K | -14.3% |
Summary: 97478 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 increased by 5.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Zip Codes
| 97478 | $424.8K | $435.5K | +2.5% |
| 97477 | $406.2K | $414.9K | +2.2% |
Housing Supply in 97478, OR
How many homes are available in 97478, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 111 | 104 | -6.3% |
Summary: The 97478 real estate market had 104 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 76 | 62 | -18.4% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 97478 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 20 | -25.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97478, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in 97478 in November 2024, down by 25.9% month-over-month. Of the 20 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for 97478, OR
How long does it take to sell a home in 97478, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 58 Days | +42.1% |
Summary: Homes in 97478 had an average of 58 days on market in Nov 2024, up by 42.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97478 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in 97478; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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