Is 97045, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97045 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 97045 was a Seller's Market.

Key Takeaway

97045 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 97045, OR

How much do homes in 97045, OR cost?

Median Sold Price

$588,300

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$11,677(-1.9%)

Key Takeaway

Homes in 97045 have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in 97045 was $588,300 in February 2024, down 1.9% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $259.9K$335K
+28.9%
2 $425K$428K
+0.7%
3 $555K$543.4K
-2.1%
4 $653.9K$670K
+2.5%
5+ $769K$724K
-5.9%

Summary: 97045 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Zip Codes

97015
+2.1%
97045
-1.9%
97027
-5.1%
97004
-8.0%
97042
-8.9%

Housing Supply in 97045, OR

How many homes are available in 97045, OR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
221216-2.3%

Summary: The 97045 real estate market had 216 homes for sale in February 2024, a 2.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1615
-6.3%
3 10297
-4.9%
4 8383
0.0%
5+ 2021
+5.0%

Summary: The 97045 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3236+12.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97045, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 97045 in February 2024, up by 12.5% month-over-month. Of the 36 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.

Days on Market for 97045, OR

How long does it take to sell a home in 97045, OR?

Average Sale Time

Feb 2023Feb 2024CHANGE
54 Days57 Days+4.8%

Summary: Homes in 97045 had an average of 57 days on market in Feb 2024, up by 4.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 97045 has remained consistent over time.

Summary: During February 2024, 36 homes were sold in 97045; 36% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 22% 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 27 Days Ago

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