Is 97007, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 97007 was a Seller's Market.
Key Takeaway
97007 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97007, OR
How much do homes in 97007, OR cost?
Median Sold Price
$599,980
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 97007 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 97007 was $599,980 in March 2024, down 1.9% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $262.4K | -6.3% |
| 2 Bedrooms | $380K | $370K | -2.6% |
| 3 Bedrooms | $538.5K | $535K | -0.6% |
| 4 Bedrooms | $710K | $713.9K | 0.5% |
| 5+ Bedrooms | $860K | $800K | -7.0% |
Summary: 97007 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 7%.
Housing Supply in 97007, OR
How many homes are available in 97007, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 245 | 274 | +11.8% |
Summary: The 97007 real estate market had 274 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 33 | 37 | +12.1% |
| 3 Bedrooms | 80 | 79 | -1.3% |
| 4 Bedrooms | 87 | 105 | +20.7% |
| 5+ Bedrooms | 43 | 49 | +14.0% |
Summary: The 97007 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.1%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97007, you could pay more than the asking price. 40.6% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in 97007 in March 2024, down by 3.0% month-over-month. Of the 32 sold homes, 28% were sold under asking, 31% were sold at asking, and 41% were sold over asking.
Days on Market for 97007, OR
How long does it take to sell a home in 97007, OR?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 30 Days | -30.7% |
Summary: Homes in 97007 had an average of 30 days on market in Mar 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97007 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in 97007; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% 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.