Is 97496, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97496 is a buyer's market

Buyer's
Market

Difference Since November 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

$347,250

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,000(+9.1%)

Key Takeaway

Homes in 97496 have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in 97496 was $347,250 in November 2024, up 9.1% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $637.5K-
N/A
2 $218K$201K
-7.8%
3 $335.9K$349K
+3.9%
4 $290K$389.5K
+34.3%
5+ --
N/A

Summary: 97496 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 34.3%, 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

Oct 2024Nov 2024CHANGE
30300.0%

Summary: The 97496 real estate market had 30 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 2020
0.0%
4 57
+40.0%
5+ 10
-100.0%

Summary: The 97496 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97496, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 97496 in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
89 Days138 Days+55.1%

Summary: Homes in 97496 had an average of 138 days on market in Nov 2024, up by 55.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 97496 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 97496; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

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