Is 97479, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97479 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97479 has remained a Seller's Market.

Key Takeaway

97479 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97479, OR

How much do homes in 97479, OR cost?

Median Sold Price

$350,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,500(-0.7%)

Key Takeaway

Homes in 97479 have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in 97479 was $350,000 in October 2024, down 0.7% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $202K-
N/A
2 $239K$272.4K
+14.0%
3 $360K$350K
-2.8%
4 $417.5K$422.5K
+1.2%
5+ $643K$1.5M
+135.6%

Summary: 97479 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 14%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 135.6%.

Median Sold Price Compared To Nearby Zip Codes

97424
+9.4%
97470
+6.3%
97479
-0.7%

Housing Supply in 97479, OR

How many homes are available in 97479, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4640-13.0%

Summary: The 97479 real estate market had 40 homes for sale in October 2024, a 13.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 3329
-12.1%
4 76
-14.3%
5+ 22
0.0%

Summary: The 97479 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 25%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
10100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97479, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 97479 in October 2024, the same as the previous month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 97479, OR

How long does it take to sell a home in 97479, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days35 Days-45.6%

Summary: Homes in 97479 had an average of 35 days on market in Oct 2024, down by 45.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97479 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 97479; 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.

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 97479, OR

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