Is 97013, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 97013 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 97013 has remained a Seller's Market.

Key Takeaway

97013 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 97013, OR

How much do homes in 97013, OR cost?

Median Sold Price

$615,000

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,500(+0.7%)

Key Takeaway

Homes in 97013 have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in 97013 was $615,000 in October 2024, up 0.7% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$315K
N/A
2 $403.4K$475K
+17.7%
3 $576K$575K
-0.2%
4 $655.4K$695K
+6.0%
5+ $763.4K$735K
-3.7%

Summary: 97013 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 3.7%.

Median Sold Price Compared To Nearby Zip Codes

97070
+0.8%
97013
+0.7%

Housing Supply in 97013, OR

How many homes are available in 97013, OR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
102111+8.8%

Summary: The 97013 real estate market had 111 homes for sale in October 2024, a 8.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 75
-28.6%
3 4243
+2.4%
4 4149
+19.5%
5+ 1112
+9.1%

Summary: The 97013 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2128+33.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 97013, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 28 homes were sold or pending in 97013 in October 2024, up by 33.3% month-over-month. Of the 28 sold homes, 32% were sold under asking, 50% were sold at asking, and 18% were sold over asking.

Days on Market for 97013, OR

How long does it take to sell a home in 97013, OR?

Average Sale Time

Oct 2023Oct 2024CHANGE
75 Days38 Days-48.8%

Summary: Homes in 97013 had an average of 38 days on market in Oct 2024, down by 48.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 97013 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 97013; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 97013, OR

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