$5,926 Closing Credit*
$499,000
2,262 SqFt
3 Beds
•2 Full Baths
Beth Blackwell, Delena Laiblin, Listing Office: Triple Oaks Realty LLC
Is 97487, 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, 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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $300K | +6.4% |
| 2 Bedrooms | $380K | $377K | -0.8% |
| 3 Bedrooms | $424.5K | $414.9K | -2.2% |
| 4 Bedrooms | $515K | $481.7K | -6.5% |
| 5+ Bedrooms | $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 | $439.7K | $427.4K | -2.8% |
| 97405 | $550K | $533.8K | -2.9% |
Housing Supply in 97487, OR
How many homes are available in 97487, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 3 | 3 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 12 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 48 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
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.
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