Is 97115, 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, 97115 was a Buyer's Market.
Housing Prices in 97115, OR
How much do homes in 97115, OR cost?
Median Sold Price
$559,400
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 97115 was $559,400 in May 2024, up 2.6% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $488.7K | - | N/A |
3 Bedrooms | $506.5K | $521.4K | +3.0% |
4 Bedrooms | $638.5K | $780K | +22.2% |
5+ Bedrooms | $540K | $1.0M | +101.9% |
Summary: 97115 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 101.9%.
Housing Supply in 97115, OR
How many homes are available in 97115, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Summary: The 97115 real estate market had 12 homes for sale in May 2024, a 29.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 8 | 6 | -25.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The 97115 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 97115 in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 97115, OR
How long does it take to sell a home in 97115, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 4 Days | -81.4% |
Summary: Homes in 97115 had an average of 4 days on market in May 2024, down by 81.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in 97115; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.