$190,000
19.74 Acres
Land
Daniel Siler, Listing Office: Engel & Volkers West Portland
Is 97496, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 97496 was a Seller's Market.
Key Takeaway
97496 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97496, OR
How much do homes in 97496, OR cost?
Median Sold Price
$345,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,750(+8.4%)
Key Takeaway
Homes in 97496 have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in 97496 was $345,000 in October 2024, up 8.4% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $225K | -78.6% |
| 2 Bedrooms | $218K | $201K | -7.8% |
| 3 Bedrooms | $335.9K | $348.1K | +3.6% |
| 4 Bedrooms | $263.5K | $389.5K | +47.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: 97496 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.6%, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes did not change.
Housing Supply in 97496, OR
How many homes are available in 97496, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The 97496 real estate market had 31 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97496 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97496, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 97496 in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 97496, OR
How long does it take to sell a home in 97496, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 29 Days | -49.0% |
Summary: Homes in 97496 had an average of 29 days on market in Oct 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97496 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in 97496; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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