Is 97227, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 97227 was a Seller's Market.
Key Takeaway
97227 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 97227, OR
How much do homes in 97227, OR cost?
Median Sold Price
$699,500
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 97227 have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in 97227 was $699,500 in April 2024, up 6.8% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.4K | $244.5K | -14.9% |
| 2 Bedrooms | $537.5K | $405K | -24.7% |
| 3 Bedrooms | $659K | $710K | +7.7% |
| 4 Bedrooms | $655K | $708.5K | +8.2% |
| 5+ Bedrooms | $742K | $903K | +21.7% |
Summary: 97227 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes decreased by 24.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in 97227, OR
How many homes are available in 97227, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 21 | +90.9% |
Summary: The 97227 real estate market had 21 homes for sale in April 2024, a 90.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 5 | 10 | +100.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 97227 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97227, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 97227 in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 97227, OR
How long does it take to sell a home in 97227, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 8 Days | -65.7% |
Summary: Homes in 97227 had an average of 8 days on market in Apr 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97227 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in 97227; 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.
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.