Is 97470, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 97470 was a Seller's Market.
Key Takeaway
97470 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 97470, OR
How much do homes in 97470, OR cost?
Median Sold Price
$311,950
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 97470 have sold for 4% less than they did a year ago.
Summary: The median home sold price in 97470 was $311,950 in May 2024, down 4% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.8K | $90K | -29.6% |
| 2 Bedrooms | $243.5K | $235K | -3.5% |
| 3 Bedrooms | $330K | $320K | -3.0% |
| 4 Bedrooms | $405K | $400K | -1.2% |
| 5+ Bedrooms | $266K | $418K | +57.1% |
Summary: 97470 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.6%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 57.1%.
Housing Supply in 97470, OR
How many homes are available in 97470, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 100 | +7.5% |
Summary: The 97470 real estate market had 100 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 50 | 50 | 0.0% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 97470 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97470, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in 97470 in May 2024, down by 16.7% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.
Days on Market for 97470, OR
How long does it take to sell a home in 97470, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 56 Days | +5.2% |
Summary: Homes in 97470 had an average of 56 days on market in May 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97470 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in 97470; 87% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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