$8,669 Closing Credit*
$730,000
2,257 SqFt
3 Beds
•2 Full Baths
Kerri Walker, Listing Office: Land and Wildlife LLC
Is 97862, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 97862 was a Buyer's Market.
Key Takeaway
97862 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97862, OR
How much do homes in 97862, OR cost?
Median Sold Price
$308,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-0.6%)
Key Takeaway
Homes in 97862 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 97862 was $308,000 in November 2024, down 0.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | $134.5K | -28.8% |
| 2 Bedrooms | $247K | $232.5K | -5.9% |
| 3 Bedrooms | $321.8K | $297.9K | -7.4% |
| 4 Bedrooms | $338K | $398.5K | +17.9% |
| 5+ Bedrooms | $445.4K | $430K | -3.5% |
Summary: 97862 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.8%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Zip Codes
| 99362 | $425K | $425K | 0.0% |
| 97862 | $310K | $308K | -0.6% |
Housing Supply in 97862, OR
How many homes are available in 97862, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The 97862 real estate market had 35 homes for sale in November 2024, a 16.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 97862 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97862, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in 97862 in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for 97862, OR
How long does it take to sell a home in 97862, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 24 Days | -42.8% |
Summary: Homes in 97862 had an average of 24 days on market in Nov 2024, down by 42.8% compared to last year.
Breakdown of Home Sale Times
4 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 97862 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in 97862; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.