Is 97487, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97487 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97487 has remained a Seller's Market.

Key Takeaway

97487 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97487, OR

How much do homes in 97487, OR cost?

Median Sold Price

$427,450

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,300(-2.8%)

Key Takeaway

Homes in 97487 have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in 97487 was $427,450 in October 2024, down 2.8% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $282K$300K
+6.4%
2 $380K$377K
-0.8%
3 $424.5K$414.9K
-2.2%
4 $515K$481.7K
-6.5%
5+ $520K$670K
+28.8%

Summary: 97487 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 28.8%.

Median Sold Price Compared To Nearby Zip Codes

97487
-2.8%
97405
-2.9%

Housing Supply in 97487, OR

How many homes are available in 97487, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3740+8.1%

Summary: The 97487 real estate market had 40 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 1819
+5.6%
4 1516
+6.7%
5+ 33
0.0%

Summary: The 97487 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 100%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
412+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97487, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in 97487 in October 2024, up by 200.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 97487, OR

How long does it take to sell a home in 97487, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days48 Days+42.3%

Summary: Homes in 97487 had an average of 48 days on market in Oct 2024, up by 42.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 97487 has remained consistent over time.

Summary: During October 2024, 12 homes were sold in 97487; 33% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 8% 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 21 Days Ago

Newest Listings in 97487, OR

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