Is 97113, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 97113 has remained a Seller's Market.
Key Takeaway
97113 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97113, OR
How much do homes in 97113, OR cost?
Median Sold Price
$495,500
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 97113 have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in 97113 was $495,500 in May 2024, up 3.2% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $392.5K | $377.1K | -3.9% |
| 3 Bedrooms | $467.5K | $484.9K | +3.7% |
| 4 Bedrooms | $565.7K | $578K | +2.2% |
| 5+ Bedrooms | $580K | $614.9K | +6.0% |
Summary: 97113 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 decreased by 3.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 6%.
Housing Supply in 97113, OR
How many homes are available in 97113, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The 97113 real estate market had 32 homes for sale in May 2024, a 6.7% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The 97113 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 increased by 100%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97113, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in 97113 in May 2024, up by 28.6% month-over-month. Of the 9 sold homes, 11% were sold under asking, 33% were sold at asking, and 56% were sold over asking.
Days on Market for 97113, OR
How long does it take to sell a home in 97113, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 30 Days | +137.6% |
Summary: Homes in 97113 had an average of 30 days on market in May 2024, up by 137.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 97113 has remained consistent over time.
Summary: During May 2024, 9 homes were sold in 97113; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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