$10,000 Closing Credit*
$890,000
4,021 SqFt
5 Beds
•3 Full Baths
Paige Summers, Listing Office: Harcourts West Real Estate
Is 97478, 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, 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
$439,229
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,416(+3.4%)
Key Takeaway
Homes in 97478 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 97478 was $439,229 in October 2024, up 3.4% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | - | N/A |
| 2 Bedrooms | $324K | $342K | +5.6% |
| 3 Bedrooms | $415K | $427.4K | +3.0% |
| 4 Bedrooms | $558K | $541.3K | -3.0% |
| 5+ Bedrooms | $661K | $560K | -15.3% |
Summary: 97478 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 increased by 5.6%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Zip Codes
| 97478 | $424.8K | $439.2K | +3.4% |
| 97477 | $404.3K | $414.8K | +2.6% |
Housing Supply in 97478, OR
How many homes are available in 97478, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 | 111 | +7.8% |
Summary: The 97478 real estate market had 111 homes for sale in October 2024, a 7.8% increase 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 70 | 70 | 0.0% |
| 4 Bedrooms | 22 | 30 | +36.4% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 97478 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97478, you could pay more than the asking price. 37.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 97478 in October 2024, up by 14.3% month-over-month. Of the 24 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 55 Days | +55.8% |
Summary: Homes in 97478 had an average of 55 days on market in Oct 2024, up by 55.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 24 homes were sold in 97478; 42% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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