$5,047 Closing Credit*
$425,000
1,506 SqFt
2 Beds
•2 Full Baths
Carey Hughes, Terence McClelland, Listing Office: Keller Williams Realty Professionals
Is 97003, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 97003 has remained a Seller's Market.
Key Takeaway
97003 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97003, OR
How much do homes in 97003, OR cost?
Median Sold Price
$499,883
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,550(+3.0%)
Key Takeaway
Homes in 97003 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 97003 was $499,883 in October 2024, up 3% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258K | $255K | -1.2% |
| 2 Bedrooms | $380K | $400K | +5.3% |
| 3 Bedrooms | $474K | $492K | +3.8% |
| 4 Bedrooms | $546.8K | $559.4K | +2.3% |
| 5+ Bedrooms | $627.9K | $567.5K | -9.6% |
Summary: 97003 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 9.6%.
Housing Supply in 97003, OR
How many homes are available in 97003, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 87 | +27.9% |
Summary: The 97003 real estate market had 87 homes for sale in October 2024, a 27.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 46 | 63 | +37.0% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 97003 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes remained the same, 3 bedroom homes increased by 37%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97003, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in 97003 in October 2024, up by 28.6% month-over-month. Of the 18 sold homes, 17% were sold under asking, 39% were sold at asking, and 44% were sold over asking.
Days on Market for 97003, OR
How long does it take to sell a home in 97003, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 34 Days | +43.1% |
Summary: Homes in 97003 had an average of 34 days on market in Oct 2024, up by 43.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97003 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in 97003; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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