$7,956 Closing Credit*
$670,000
1,790 SqFt
4 Beds
•2 Full Baths
Seanna Erricson, Listing Office: Keller Williams Realty Portland Elite
Is 97008, 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, 97008 has remained a Seller's Market.
Key Takeaway
97008 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 97008, OR
How much do homes in 97008, OR cost?
Median Sold Price
$585,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+1.7%)
Key Takeaway
Homes in 97008 have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in 97008 was $585,000 in November 2024, up 1.7% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.5K | $235K | -4.7% |
| 2 Bedrooms | $319K | $324.5K | +1.7% |
| 3 Bedrooms | $552K | $550K | -0.4% |
| 4 Bedrooms | $649.9K | $655K | +0.8% |
| 5+ Bedrooms | $659.5K | $670K | +1.6% |
Summary: 97008 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in 97008, OR
How many homes are available in 97008, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 62 | -27.1% |
Summary: The 97008 real estate market had 62 homes for sale in November 2024, a 27.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 7 | -56.3% |
| 3 Bedrooms | 34 | 30 | -11.8% |
| 4 Bedrooms | 30 | 19 | -36.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 97008 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 56.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 36.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 16 | -54.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 97008, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 97008 in November 2024, down by 54.3% month-over-month. Of the 16 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 97008, OR
How long does it take to sell a home in 97008, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 22 Days | -22.6% |
Summary: Homes in 97008 had an average of 22 days on market in Nov 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 97008 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 97008; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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