$10,000 Closing Credit*
$1,400,000
4,000 SqFt
4 Beds
•3 Full Baths
Stephanie Wells, Listing Office: Real Broker
Is 97002, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 97002 has remained a Seller's Market.
Key Takeaway
97002 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97002, OR
How much do homes in 97002, OR cost?
Median Sold Price
$722,500
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$27,875(-3.7%)
Key Takeaway
Homes in 97002 have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in 97002 was $722,500 in November 2024, down 3.7% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $411.1K | $897.5K | +118.3% |
| 3 Bedrooms | $655K | $670K | +2.3% |
| 4 Bedrooms | $871.3K | $787.5K | -9.6% |
| 5+ Bedrooms | $950K | $635K | -33.2% |
Summary: 97002 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 118.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 33.2%.
Housing Supply in 97002, OR
How many homes are available in 97002, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The 97002 real estate market had 13 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 97002 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 97002, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 97002 in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 97002, OR
How long does it take to sell a home in 97002, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 55 Days | -4.7% |
Summary: Homes in 97002 had an average of 55 days on market in Nov 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 97002 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 97002; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.