Is 97217, 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, 97217 was a Seller's Market.
Housing Prices in 97217, OR
How much do homes in 97217, OR cost?
Median Sold Price
$499,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 97217 was $499,000 in March 2024, down 5.7% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299K | $295K | -1.3% |
2 Bedrooms | $435K | $412.5K | -5.2% |
3 Bedrooms | $569K | $530K | -6.9% |
4 Bedrooms | $629K | $640K | +1.7% |
5+ Bedrooms | $787.5K | $857K | +8.8% |
Summary: 97217 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in 97217, OR
How many homes are available in 97217, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
258 | 288 | +11.6% |
Summary: The 97217 real estate market had 288 homes for sale in March 2024, a 11.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 33 | +13.8% |
2 Bedrooms | 118 | 125 | +5.9% |
3 Bedrooms | 78 | 86 | +10.3% |
4 Bedrooms | 25 | 34 | +36.0% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The 97217 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 31 | +47.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in 97217 in March 2024, up by 47.6% month-over-month. Of the 31 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.
Days on Market for 97217, OR
How long does it take to sell a home in 97217, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 59 Days | +30.4% |
Summary: Homes in 97217 had an average of 59 days on market in Mar 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in 97217; 48% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.