$6,293 Closing Credit*
$529,900
1,299 SqFt
3 Beds
•1 Full Bath
Eduardo Reyes, Paola Reyes, Listing Office: John L. Scott Portland South
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.
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.